Yes. I'm happy to respond to that.
To start, off the bat, as you had mentioned, WonderFi Technologies is a public company, so we are subject to the same laws, rules and requirements of any other traditional publicly traded TSX-listed company, including displaying audited financial statements quarterly and annually, etc. We have continuous disclosure obligations as a company.
More specifically, with respect to the crypto and digital assets base, as I was saying in my opening remarks, WonderFi owns and operates two crypto asset trading platforms.
That is a term of art at this point. What that effectively means is that our company owns and operates two restricted dealers as defined under traditional securities laws set out by the securities administrators across the country. Those entities need to be registered across the country in every jurisdiction in which we choose to operate. We're primarily governed by legislation set out in securities laws, including National Instrument 31-103.
What does that really mean? It means we need to be registered with FINTRAC as a money services business. We need to maintain bonding insurance requirements that are set out by statute. We need to maintain working capital requirements. We need to have a chief compliance officer and an ultimate designate person who are registered with the securities commission as well. We are not allowed to act on a discretionary basis on behalf of clients. We are not allowed to have margin or loans or leverage in our system. We have to set out a number of different policies and procedures with respect to our operating companies, including as it relates to conflict of interest. We have to do KYC and AML for our users. We have to establish that opening an account for our users to trade is appropriate for them. Again, appropriateness is a term of art. We also have to do trade-by-trade suitability.
Essentially, we have thresholds determining which clients can trade, based on their level of vulnerability. We have to know our client. We have to know our product. Those standards have to be applied across our companies at various levels by persons who are individually registered with the securities administrators.
To wrap that all up, when you think of the traditional categories of traditional securities players, a restricted dealer is one of those categories, and we need to fit into that traditional box with some modifications for crypto assets specifically.