Canada, Israel, Mexico and India Move to Regulate the Crypto Market
18 March 2019 7:53 PM IST
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.
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