Feedback

Thank you for providing feedback on the ‘Proposed Framework for Crypto-Asset Trading Platforms’ consultation paper. This survey contains 4 questions and is completely anonymous. Feedback will be compiled and shared with the Alberta Securities Commission, YYChain and the University of Calgary. 

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* 1. Is the proposed regulatory framework (CP 21-402) reasonable for crypto/digital assets that are clearly securities e.g., tokenized/digitized shares?

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* 2. Securities regulators are currently investing jurisdiction for certain crypto-assets that are not inherently securities, but may become securities or derivatives based on how they are traded. The jurisdictional analysis hinges on how the Platforms operate. Is the description of platform operations in CP 21-402 factually correct? Are there operational factors not discussed in CP 21-402?

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* 3. If securities regulators ultimately conclude that we have jurisdiction over crypto assets that aren’t in and of themselves securities but become securities or derivatives based on how they are traded, is the framework in CP 21-402 the correct regulatory model for those situations? 

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* 4. If securities regulators assert jurisdiction in the circumstances described in #2 & 3, some platforms may welcome this as it will enable them to say they are regulated and to expand their operations into security tokens and tokens that are in the grey area. However, other platforms may not welcome regulation. If custody and delivery are significant factors in assessing jurisdiction, then, for those platforms in the latter category, that don’t want to be regulated, how easy would it be to restructure their activities to avoid regulation? That is of a course a factor for us in assessing the utility of a proposed regulatory framework.

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* 5. Please enter any other comments/feedback here:

Thank you for taking the time to give us your feedback. Please hit DONE below to send your survey responses.

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