Canada, Israel, Mexico and India Move to Regulate the Crypto Market
Canada, Israel, Mexico, and India are looking to regulate the crypto market which could increase market sentiment and investments. Read about it here.
- The Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Securities Administrators (CSA) have jointly published a communiqué seeking input from the country’s crypto industry players regarding regulation.
- The two government agencies are looking to protect investors following the recent QuadrigaCX exchange incident that shook market sentiment.
- This began after the Reserve Bank of India (RBI), the country’s central bank, issued a directive in April last year barring banks from dealing with crypto mercantile entities.
- Due to the crypto industry boom, the government is currently looking at ways to regulate the sector.