Canadian cryptocurrency platform Coinsquare announced earlier this week it has appointed Nicholas Thadaney and Wendy Rudd to its Board of Directors According to Coinsquare, the appointment news follow the confirmation of Stacey Hoisak as Coinsquare’s new Chief Executive Officer, and the appointments of Lawrence Truong as Chief Compliance Officer, and Eric Richmond as Chief Operating Officer.
“Coinsquare is FINTRAC regulated, has secured an exclusive relationship with one of Canada’s Big 5 banks. Coinsquare remains focused on transparency, risk mitigation, and building a regulated and safe environment for the trading of digital assets.”
Coinsquare further revealed it has also submitted a dealer membership application to the Investment Industry Regulatory Organization of Canada (IIROC) and an application to the Ontario Securities Commission (OSC) to operate Canada’s first regulated marketplace for digital assets.
“The proposed marketplace will provide automated trading systems bringing together institutional and retail orders from buyers and sellers of digital assets deemed securities under the Ontario Securities Act.”
Speaking about the milestones, Stacey Hoisak, CEO of Coinsquare, stated:
“The measures we have taken are in strict adherence to regulatory requirements and demonstrate Coinsquare’s strengthened commitment to our clients, employees, shareholders, and the digital asset community. Our goal is to create a customer-centric safe place for Canadians to trade digital assets.”