Certain issuers of VRCAs have provided an undertaking to the CSA as contemplated by the CSA’s interim approach to VRCAs. These undertakings can be found below.

The CSA reminds Canadians that holding a VRCA or a crypto contract with a crypto asset trading platform (CTP) does not offer the protections generally afforded to holding regulated deposits and all crypto assets, including any VRCAs, carry risk, and are not the same as fiat currency (such as the Canadian dollar, the U.S. dollar or the Euro).

Even if the issuer of a VRCA has provided an undertaking to the CSA, it does not mean the CSA approves or endorses the VRCA, endorses its safety, or that the issuer or the VRCA is compliant with Canadian securities laws. Any CTP that makes a VRCA available to clients is responsible for complying with its know-your-product and other obligations, including verifying that the issuer is in compliance with any publicly-verifiable provisions of its undertaking to the CSA (e.g., any disclosure obligations) and that the VRCA is in compliance with any applicable terms and conditions to which the CTP is subject.

Investors should consult the list of platforms that are registered with the CSA and learn the fundamentals of crypto assets before investing. While regulatory oversight plays an important role in investor protection, these measures cannot eliminate all risks associated with trading in crypto assets.

Circle Internet Financial, LLC – USDC

Undertaking ( December 3, 2024)

List refreshed on December 4, 2024.