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What is the impact of Schedule 3 CRA on the cryptocurrency market?

avatarfelix taylorDec 16, 2021 · 3 years ago1 answers

Can you explain the effects of Schedule 3 CRA on the cryptocurrency market? How does it impact the trading and regulation of cryptocurrencies in Canada?

What is the impact of Schedule 3 CRA on the cryptocurrency market?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we believe that Schedule 3 CRA has had a positive impact on the cryptocurrency market in Canada. It has helped to increase trust and confidence in the industry by implementing stricter regulations and oversight. This has led to a more secure and transparent trading environment for investors. While some smaller exchanges may face challenges in meeting the new requirements, it ultimately benefits the overall market by weeding out bad actors and promoting responsible trading practices. We are committed to complying with Schedule 3 CRA and ensuring that our platform provides a safe and compliant trading experience for our users.