Following clarifications published by regulators as to the requirements applicable to crypto asset trading platforms (CTPs) operating in Canada, Shakepay Inc., a crypto asset trading platform offering the possibility to buy, sell and deposit Bitcoin and Ether, transfer money and crypto assets, as well as earn Bitcoin cashback rewards, decided to register as a restricted dealer with the Canadian Securities Administrators.
A Fasken team, composed of Jonathan Halwagi, François Brais, Marcelo Ciecha and Laurence Brien-Roch, assisted Shakepay in getting registered. This included the preparation of Shakepay’s registration materials and negotiating with regulators to obtain exemptive relief from the prospectus and certain registration requirements, while respecting Shakepay’s business model.
Jurisdiction
- Québec
