Canada’s OSFI has created interim rules limiting banks’ exposure to cryptocurrencies. The rules will come into effect in the second quarter of 2023. The regulator will update the interim approach as needed. The Office of the Superintendent of Financial Institutions (OSFI), a Canadian regulator, has said that banks and insurers in the country must limit their exposure to crypto assets. Specifically, the interim rules state that these companies can use only a small fraction of capital, and if their exposure […]
