🇨🇦 CANADA SETS THE BAR HIGHER FOR CRYPTO SECURITY
Canada’s top investment watchdog, CIRO, has rolled out a new Digital Asset Custody Framework—and it’s a big deal for crypto investors.
🔐 From hacking protection to fraud prevention, the new rules enforce stricter custody standards for crypto trading platforms.
📊 A 4-tier risk system now decides how much client crypto a custodian can hold—ranging from 100% for top-tier security down to 40% for higher-risk custodians.
🏦 Brokerages holding assets in-house? Capped at just 20%.
Mandatory audits, insurance, cybersecurity controls, and clear liability rules are now part of the game—all shaped by lessons from the QuadrigaCX collapse.
⚖️ Investor protection meets innovation—Canada is tightening the rules without closing the door on crypto’s future.
#BTC #bitcoin in #CryptoRegulation n #CanadaCrypto #DigitalAssets $BTC $BITCOIN
