The Canadian Securities Administrators aim to introduce guidelines on custodians and crypto assets in public investment funds.

On January 18, they shared proposals regarding this issue.

These new rules may restrict public investment funds' crypto activities and define custodian roles.

Mutual funds would only access crypto by investing in certain funds, with assets listed on recognised exchanges and interchangeable in Canada.

This proposal, open for public comment for 90 days, is part of a broader CSA project from July, leading to a consultative document on extended cryptocurrency regulation.