News and Updates
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CSA Cautions Crypto Lending Platforms And Customers
In the wake of the recent record CAD $176,960,190 administrative monetary penalty levied by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) on Xeltox Enterprises Ltd. of Vancouver (also known as Cryptomus ), the Canadian Securities Administrators (CSA) have issued a caution to crypto-backed lending platforms and regarding their obligations under securities law, encouraging…
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FINTRAC Issues Record CAD $176 Million Penalty To Xeltox/Cryptomus
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued a record CAD $176,960,190 administrative monetary penalty on Xeltox Enterprises Ltd. of Vancouver, a reporting entity providing virtual currency transaction service (also operating as also operating under the name Cryptomus and previously known as Certa Payments Ltd). The $176 million penalty levied against Xeltox…
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OSC Releases Findings On Digital Engagement Practices In Online Investing
The Ontario Securities Commission (OSC) has published OSC Staff Notice 33-760 Digital Engagement Practices: Focused Compliance Examination of Online Retail Platforms (The Staff Notice). The Staff Notice outlines the regulator’s findings and provides guidance on the use of digital engagement practices (DEPs), including best practices for their responsible application by registrants serving retail clients. OSC…
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CSA Proposes Semi-Annual Reporting Pilot
The Canadian Securities Administrators (CSA) recently published Notice and Request for Comment – Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers, a proposed multi-year pilot to allow eligible venture issuers to voluntarily adopt semi-annual financial reporting (the Proposed SAR Pilot). The regulator is publishing the Proposed SAR Pilot for a…
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Funding Your Fintech: Navigating the Drought in Canadian Venture Capital.
Thanks for joining Barbara Hendrickson and Robb Miller for our October 23, 2025 webinar on “Funding Your Fintech: Navigating the Drought in Canadian Venture Capital”. Please find our presentation here This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a…
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Managing Partner
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bhendrickson@baxsecuritieslaw.com
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