Back Custom print Link Text Only Rich Text Print

  • Power of the CBB to issue Direction

    • CRA-15.2.23

      The CBB may at any time issue a direction to the digital token issuer which must be complied with, if the CBB:

      (a) is of the view that it is necessary for the:
      (i) purposes of ensuring fair and orderly market; or
      (ii) purposes of the protection of the holders of digital tokens, or in the public interest; or
      (b) is of the opinion that the underlying project or business is no longer viable or sustainable.
      Added: April 2023

    • CRA-15.2.24

      A direction issued under Paragraph CRA-5.2.23 may include a direction:

      (a) Not to deal or transfer monies or properties to any other person;
      (b) Not to solicit business from any person;
      (c) To cease or refrain from committing an act or pursuing a course of conduct or activity;
      (d) To do any act, in relation to its business, affairs, property, project or digital token as the CBB deems necessary;
      (e) To give effect to any requirement of the applicable laws, rules and regulations; or
      (f) Relating to other matter as the CBB considers necessary
      Added: April 2023