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CRA-15.2.16

The digital token issuer’s reports must contain information on the performance of the underlying business or project, including–

(a) Total amount of digital tokens issued and in circulation;
(b) Status of the utilisation of the digital token’s proceeds by the digital token issuer;
(c) Status of the underlying business or project and any deviation from the whitepaper;
(d) Types of problems encountered, and the procedures applied or that will be applied to manage and resolve such problems;
(e) Risks facing the underlying business or project and measures taken for mitigation; and
(f) Unaudited quarterly financial statements reviewed by the external auditor for quarterly reporting and audited annual financial statements for annual reporting.
Added: April 2023