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  • CRA-3.2 CRA-3.2 Key Requirements

    • CRA-3.2.1

      Licensees dealing in crypto assets as principal and thereby taking proprietary positions in crypto assets must ensure that their proprietary positions (at cost) do not exceed 50% of the paid-up capital or net shareholders' equity, whichever is lower.

      Amended: April 2023
      Added: April 2019

    • CRA-3.2.2

      [This Paragraph was deleted in April 2023].

      Deleted: April 2023
      Added: April 2019

    • CRA-3.2.3

      Pursuant to Article 57(a) of the CBB Law, a licensee must seek CBB approval before making any modification to its issued or paid-up capital. In the case that a licensee has been granted approval to increase its paid-up capital, confirmation from its external auditor stating that the amount has been deposited in the licensee's bank account will subsequently be required.

      Amended: April 2023
      Added: April 2019