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  • Writer's pictureDeborah

On March 28, 2023 the Government of Canada released its 2023 budget, proposing further measures to protect Canadians from emerging risks linked to crypto-assets. In the context of the failure of FTX and Signature Bank, Budget 2023 announced:

  1. The Office of the Superintendent of Financial Institutions (OSFI) will consult federally regulated financial institutions on guidelines for publicly disclosing exposure to crypto-assets.

  2. Federally regulated pension funds will be required to disclose their crypto-asset exposures to OSFI.

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