More than 30% of Canadians plan to purchase crypto by 2024 — OSC head
Cointelegraph
Published Oct 06, 2022 05:50PM ET
Updated Oct 07, 2022 08:00PM ET
Grant Vingoe, CEO of the Ontario Securities Commission, reiterated the regulator’s technology-neutral stance on crypto while saying many Canadians planned to become hodlers in the near future.
In a keynote address before the Economic Club of Canada on Oct. 6, Vingoe said the regulatory fundamentals of stocks and bonds were equally applicable to crypto contracts, with the “vast majority of crypto-based entities” falling within the OSC’s jurisdiction. According to the OSC head, the regulator largely considered Bitcoin (BTC) and Ether (ETH) to be commodities, while “arrangements that trading platforms have with investors” constituted securities.
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Written By: Cointelegraph
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