Canadian regulators questioned the legality of cryptocurrency exchange ads
Canadian stock market regulators have issued a warning to local cryptocurrency exchanges against advertisements that violate securities law. The Canadian Securities Administrators Association (CSA) and the Investment Industry Regulatory Organization (IIROC) have issued guidelines for crypto exchange employees and managers that indicate signs of “illegal” advertising. Regulators posted the instruction on September 23, 2021 on the OSC website. The notice identifies “promotions and marketing strategies of cryptocurrency exchanges that violate securities laws and may affect…