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Canada OFSI Issues Guidance on Bank Treatment of Crypto

August 28, 2022
in Regulations
Reading Time: 2 mins read
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Canada OFSI Issues Guidance on Bank Treatment of Crypto
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OFSI provides no recognition (i.e., a 100% haircut) for Group 2 cryptoassets held as collateral, but is seeking views on hedging practices that could warrant a lower haircut.

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OFSI provides no recognition (i.e., a 100% haircut) for Group 2 cryptoassets held as collateral, but is seeking views on hedging practices that could warrant a lower haircut.

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