The Investment Industry Regulatory Organization of Canada has formed a working group to recommend ways of regulating blockchain applications within the nation’s capital markets system.
The announcement from the self-regulating industry group came in a Monday notice summarizing IIROC’s aims for the 2019 fiscal year, said Cointelegraph.
IIROC acknowledges it needs to “keep pace” with the “fast-evolving” crypto world, which is why the working group will focus on getting up to speed on blockchain as well as work with Canadian regulators to develop a “consistent” regulatory strategy. The Canadian government released an official draft of new regulations for cryptocurrency exchanges and payment processors earlier this month. Read more here.