The government of Canada will ask pension funds in the country to disclose crypto exposure, according to the 2023 budget. by Aoyon_A
Neha will join CoinDesk's Michael Casey for "Remember Why We're Here: Crypto's True Purpose."Canada's national government said federally regulated pension funds in the country will need to disclose their crypto assets exposure to the Office of the Superintendent of Financial Institutions , as Ottawa tightens its regulatory oversight on the volatile industry.
"To help protect Canadians’ retirements, Budget 2023 announces that the government will require federally regulated pension funds to disclose their crypto-asset exposures to OSFI," the government said in.
The move comes after several high-profile bankruptcies such as the FTX exchange and the recent collapse of crypto-friendly U.S. lenders Silvergate Bank and Signature Bank exposed the extreme volatility investors face in the industry. Some of the pension funds in the country have already felt the burn of investing in crypto. Last year, Quebec-based pension fund Caisse de Depot et Placement du Quebec said that
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