The Ontario Securities Commission warns of a substantial rise in investor losses, reaching 648 million CAD in 2023 due to sophisticated scams using AI deepfakes. They emphasize a need for enhanced enforcement and asset tracing to combat the ongoing threat.
Industry leaders are raising concerns that stringent regulations could stifle growth in the cryptocurrency market. Nonetheless, Canada is embracing innovation by approving the first spot Solana ETFs with staking functionalities, signaling a cautious yet progressive regulatory approach.
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