Canada Says No to Lower Margin Rates for Crypto Funds—Here’s Why
The Canadian Investment Regulatory Organization (CIRO) has announced that cryptocurrency funds will be excluded from its List of Securities Eligible for Reduced Margin (LSERM), a quarterly list that identifies securities qualifying for reduced margin rates. CIRO’s ruling, effective as of February 5, cites the “high volatility, liquidity concerns, and regulatory uncertainties” surrounding cryptocurrency funds behind … Read more