Canadian regulators exclude crypto funds from margin offers
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Golden Finance reported that the Canadian Investment Regulatory Organization (CIRO) released the latest "Securities Qualified to Reduce Margin" on February 5, clearly excluding cryptocurrency funds from the lower margin policy. The CIRO said that the policy will continue to be implemented until further notice, taking into account the volatility, liquidity risks and regulatory uncertainty of crypto assets.
According to regulations, securities that meet the qualification to reduce margins must meet a number of requirements, including price volatility not exceeding 25%, public shareholding market value exceeding CAD 100 million, and daily average trading volume reaching 25,000 shares. This move will increase the cost of leveraged transactions for crypto funds.