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Registered Crypto Asset Trading Platforms

Crypto asset trading platforms that hold cryptocurrencies on behalf of their clients are subject to securities legislation and must be registered with FCNB.

To be registered, crypto asset trading platforms must meet requirements regarding their operations, internal controls and client disclosure documents. Registered crypto asset trading platforms are subject to terms and conditions, which can be viewed in the individual exemptive relief decisions linked in the chart below.

The following crypto asset trading platforms have received exemptive relief and are registered to offer crypto products to investors in New Brunswick.

Name of Platform Category of Registration Date of Exemptive Relief (Most recent decision by Principal Regulator)*
Bitbuy Technologies Inc. (Bitbuy) Restricted Dealer (Dealer and Marketplace) November 30, 2021
Bitvo Inc. Restricted Dealer (Dealer) April 25, 2022
Coinberry Limited (Coinberry) Restricted Dealer (Dealer) August 19, 2021
Coinsquare Capital Markets Limited Investment Dealer (Dealer and Marketplace) October 12, 2022
Fidelity Clearing Canada ULC (Fidelity Digital Assets) Investment Dealer (Dealer) April 18, 2022
Netcoins Inc. (Netcoins) Restricted Dealer (Dealer) March 24, 2022
Newton Crypto Ltd. Restricted Dealer (Dealer) August 15, 2022
Simply Digital Technologies Inc. (carrying on business as CoinSmart) Restricted Dealer (Dealer and Marketplace) December 21, 2021
VirgoCX Restricted Dealer (Dealer) May 30, 2022
Wealthsimple Digital Assets Inc. (Weathsimple) Restricted Dealer (Dealer) June 18, 2021

*Note: Decisions are prepared by the principal regulator and may not be available in both official languages.

The following crypto asset trading platforms have entered into a pre-registration undertaking with their principal regulator to continue operations while their application for registration is reviewed.

Name Date of pre-registration undertaking accepted by Principal Regulator
Foris DAX, Inc. operating as August 3, 2022

Unregistered platforms operating in New Brunswick that are non-compliant may be included on FCNB’s Caution List and subject to regulatory action, including temporary orders.

FCNB may review registered and unregistered platforms for their compliance with securities law requirements, including in relation to advertising and marketing. False or misleading advertising and improper marketing strategies are a consideration in determining the fitness of a firm and its principals for registration. For recent guidance, see Joint CSA-IIROC Staff Notice 21-330 Guidance for Crypto-Trading Platforms - Requirements relating to Advertising, Marketing and Social Media Use.