Coinsquare, Canada's longest-operating crypto asset trading platform, announced on Oct. 12 that the Investment Industry Regulatory Organization of Canada (IIROC) had approved its dealer registration and IIROC membership. This regulatory status will now position Coinsquare as the first crypto-only IIROC-registered investment dealer and marketplace member in Canada. The Coinsquare team wrote:
"In dealing with an IIROC registrant, Coinsquare clients now have the added comfort and security of knowing that Coinsquare is operating at the highest level of dealer compliance and oversight under the existing regulatory system."
With the regulation, Coinsquare's client funds will be fully segregated and kept by licensed and insured custodians. Coinsquare will also be required to report its financial standing regularly and maintain adequate capital for liabilities. In addition, cash held in client accounts will be protected by the Canadian Investment Protection Fund in the event of insolvency....
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