TechFlow reported, according to CNBC, Coinbase has registered as a restricted dealer under the Canadian Securities Administrators (CSA), the umbrella organization for securities regulators across Canada's provinces and territories. This indicates that Coinbase now complies with Canadian regulators' stringent requirements for crypto asset trading and can legally operate in the country, allowing it to further expand into overseas markets amid regulatory pressures in its domestic U.S. market.
Last year, Canada introduced new guidelines for cryptocurrency exchanges, limiting the amount certain investors can allocate to cryptocurrencies and mandating compulsory registration for crypto firms.
Notably, Coinbase is the first international cryptocurrency exchange to undergo restricted dealer registration in Canada.
