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  • Approval Requirements

    • CRA-15.1.22

      A digital token issuer must submit the application along with the draft whitepaper and other documents as specified in Paragraph CRA-15.1.28, through its digital token advisor, in a form and manner as specified by the CBB, including the liabilities of its signatories and a fit and proper declaration of its board members and senior management.

      Added: April 2023

    • CRA-15.1.23

      The digital token issuer must demonstrate to the CBB that the gross proceeds to be raised from the digital token offering would be sufficient to undertake the project or business as proposed in the whitepaper.

      Added: April 2023

    • CRA-15.1.24

      The CBB will make a decision on the application within 30 working days of receipt of all required information and documents complete in all respect.

      Added: April 2023

    • CRA-15.1.25

      The CBB’s approval for an offer of digital tokens does not mean that it has approved the appropriateness of the digital token issuer’s project or authenticated the financial and technical information presented in the whitepaper.

      Added: April 2023