You Won’t Believe What Canada’s Regulator Did to Crypto Funds! 🤯

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In a move that would make even the most seasoned Discworld wizard chuckle, Canada’s Investment Regulatory Organization (CIRO) has decided to give crypto funds the cold shoulder when it comes to reduced margin eligibility. 🤑

Apparently, the good folks at CIRO believe that crypto funds are about as stable as a Luggage on a rollercoaster, with their “volatility, liquidity risks, and regulatory uncertainty” making them unfit for the reduced margin club. 🎢

But wait, there’s more! CIRO has also laid out a set of criteria that securities must meet to qualify for the reduced margin party, including a price volatility margin interval of 25% or lower (good luck with that, crypto!) and a public float exceeding CA$100 million. 💸

So, if you’re a crypto investor, get ready to dig deeper into your pockets to support your digital dreams, because CIRO has just made it a whole lot more expensive to play in the crypto sandbox. 🤑💩

But hey, at least we can take solace in the fact that the CIRO is looking out for the little guy, right? 🤷‍♂️ Or maybe they’re just trying to keep the crypto-crazed masses at bay, one margin requirement at a time. 🤔

Either way, it’s a wild ride in the world of Canadian financial regulations, and we can’t wait to see what other magical surprises CIRO has in store for the crypto community. 🎢🤯

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2025-02-06 16:04