The Canadian Securities Administrators (CSA) have recently issued a reminder to crypto-backed lending platforms regarding their obligations under securities law, reinforcing the importance of regulatory compliance in a rapidly evolving digital asset landscape. In its October 22, 2025 notice, the CSA emphasized that crypto-backed lending platforms (“Platforms”) may be subject to securities legislation and encouraged such Platforms to comply with applicable regulatory requirements, including securities registration requirements, or seek exemptive relief. According to the CSA,…

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