I don't know of any ICO asking people for their identification
REAL ICO does this right now, for example.
Topic: CANADA to regulate ICO. RUSSIA is next? - page 3. (Read 3071 times)
REAL ICO does this right now, for example.
I like to see them try, first of all if all the ICOs were operating within the laws of regulations we wouldn't have so many scam ICOs here, point of them being so easy to scam is because of them accepting cryptocurrencies from investors anonymously, I don't know of any ICO asking people for their identification, and if they do then where is the decentralization here? because when you are offering coins in exchange for money it means there is no mining for that coin and if they are regulated then they have no place in crypto, they should go and offer to traditional markets controlled by governments.
Anyways I would like to offer my identity for any Canadian or Americans wishing to participate in any ICO
now regulate that bi*ches
Anyways I would like to offer my identity for any Canadian or Americans wishing to participate in any ICO
now regulate that bi*ches There is another big step towards market regulation. Canada following US and Singapore claims that any coin during ICO/ITO to be security. Staff Notice 46-307 issued by Canadian Securities Administrators reveals that many of the digital tokens investigated by regulators in Canada fall under the definition of a security, thereby triggering a range of legal requirements.
This means that Canada closed their boarders to almost all ICO campaigns. Will it affect behavior of Canadian cryptoenthusiasts? (Opinion of Canadian and US residents are highly appreciated).
What country is next to regulate ICO?
They are just trying to get money out of people, if you participate in an ico you need to pay your taxes, they are now realizing that there is another way to get additional money and they are trying to tap the market with their existing regulations that is all. This means that Canada closed their boarders to almost all ICO campaigns. Will it affect behavior of Canadian cryptoenthusiasts? (Opinion of Canadian and US residents are highly appreciated).
What country is next to regulate ICO?
What really matters is that most recent situations (US, Singapore, Canada, etc) are not regulation because no new rules are created. Rather, they all apply old rules to new situations. This is worse than new rules - new rules only work forward in time, while old rules can be applied to past. A government can claim that they looked at what was done before and the whole thing was not legal in first place. So far, in most cases it only means that ICO issuers should not sell in certain countries or to residents od certain countries. However if a person lies about its origin while the issuer did all he had to do under law to verify, then at worst the issuer has to cancel the deal.
First of all I wouldn't go near any ICO if they require my documents, people come to crypto for the decentralization nature of it, now if they see not even here they are free of governments I wonder what happens to decentralized system? if any ICO asked for documents then they are lying about being decentralized and should be avoided if they are claiming to be free of regulations which is what crypto is promising people to be.
I agree with you. My bigger fear is if also markets will be regulated, as if you cannot buy or sell if are not an accredited investor. I'd like to hear community's opinion about this. Are we going in that direction?
Canada can't allow low and middle class to get rich off crypto. Any kind of regulation will include accredited investor status. Only the wealthy will be allowed to participate.
First of all I wouldn't go near any ICO if they require my documents, people come to crypto for the decentralization nature of it, now if they see not even here they are free of governments I wonder what happens to decentralized system? if any ICO asked for documents then they are lying about being decentralized and should be avoided if they are claiming to be free of regulations which is what crypto is promising people to be.
I agree with you. My bigger fear is if also markets will be regulated, as if you cannot buy or sell if are not an accredited investor. I'd like to hear community's opinion about this. Are we going in that direction?
This is only the beginning of large-scale regulation blockchain in the world as we would like - but sooner or later it was bound to happen.
There is another big step towards market regulation. Canada following US and Singapore claims that any coin during ICO/ITO to be security. Staff Notice 46-307 issued by Canadian Securities Administrators reveals that many of the digital tokens investigated by regulators in Canada fall under the definition of a security, thereby triggering a range of legal requirements.
This means that Canada closed their boarders to almost all ICO campaigns. Will it affect behavior of Canadian cryptoenthusiasts? (Opinion of Canadian and US residents are highly appreciated).
What country is next to regulate ICO?
This means that Canada closed their boarders to almost all ICO campaigns. Will it affect behavior of Canadian cryptoenthusiasts? (Opinion of Canadian and US residents are highly appreciated).
What country is next to regulate ICO?
As a canadian, I don't personally feel threatened by this. Governments will always try and stick their noses into things they do not or cannot fully understand. I think it would be quite hard for our government to enforce any type of regulation imposed onto ICO's. I think the big thing that would be affected by it if it does ever pass into law, would be the exchanges that host the ICO/IPO's. Look at New York and how the laws passed by them on cryptocurrency (Bitlicense I believe it's called) have affected the exchanges and the users within New york. Some have gone as far as IP blocking NYC citizens from using their exchanges, or a warning page agreeing that you are not living in the state.
Naturally this doesn't really affect them too much, VPN's and other loopholes/means to access and use the platforms exist, but I think the point is that world governments are starting to notice us, and if they are starting to place regulations around buying and selling, ICO's/IPO's, etc., then imagine another 5 years down the road. I think for now, there is not much to worry about, but in time we could face real problems. Governments everywhere have a tendency to get their greasy fingers into stuff they shouldn't...
Mistercoin--
Ten tips about Canadian regulation of ICOs, CSA Staff Notice 46-307.
1. Regulators will treat each token using a case-by-case approach
2. Substance will trump form when it comes to ICOs
3. The CSA thinks many ICOs are securities offerings aimed at retail investors
4. The existing legal framework for securities will be applied: Pacific Coin
5. The Regulated System (or why white papers aren’t sufficient disclosure under Canadian securities law)
6. There are, can be civil as well as regulatory consequences for non-compliance
7. Cryptocurrency investment funds ought to follow the rules for funds too
8. Some token sales are securities offerings, and some token-securities are also derivatives
9. Resale restrictions need to be considered for tokens that are securities
10. The regulatory focus has shifted from crypto investment risks to tokens as securities
https://bitcoinmagazine.com/articles/op-ed-planning-ico-canada-here-are-10-regulatory-points-ponder/
1. Regulators will treat each token using a case-by-case approach
2. Substance will trump form when it comes to ICOs
3. The CSA thinks many ICOs are securities offerings aimed at retail investors
4. The existing legal framework for securities will be applied: Pacific Coin
5. The Regulated System (or why white papers aren’t sufficient disclosure under Canadian securities law)
6. There are, can be civil as well as regulatory consequences for non-compliance
7. Cryptocurrency investment funds ought to follow the rules for funds too
8. Some token sales are securities offerings, and some token-securities are also derivatives
9. Resale restrictions need to be considered for tokens that are securities
10. The regulatory focus has shifted from crypto investment risks to tokens as securities
https://bitcoinmagazine.com/articles/op-ed-planning-ico-canada-here-are-10-regulatory-points-ponder/
wait till they pull the "accredited investor" bullshit so that only the wealthy can participate and the poor stay poor.
First of all I wouldn't go near any ICO if they require my documents, people come to crypto for the decentralization nature of it, now if they see not even here they are free of governments I wonder what happens to decentralized system? if any ICO asked for documents then they are lying about being decentralized and should be avoided if they are claiming to be free of regulations which is what crypto is promising people to be.
If regulation of ICOS, means more consumer protection against scams, then I am all for it. I wouldn't like a blanket ban on all ICOS because many are innovative and ground breaking technological projects. To stifle innovation would be a terrible idea, especially with science and technology need a nice cash injection and are publicly mostly underfunded.
how to control ICO. people can say it's premine and want sell token
it would probably get regulated about anywhere sooner or later.
which has disadvantages, but also advantages. like it might become harder for scamcoins.
which has disadvantages, but also advantages. like it might become harder for scamcoins.
ICOs as such should be regulated.
ICO is not a decentralised currency.
They are issued by a real physical company/institution and should comply to the law of nation it belongs to.
If so, don`t you think we get the same limitations as with IPO? ICO doesn`t have borders, therefore for ICO should be a consensus among many countries in order to keep the progress and protect unqualified investors. ICO is not a decentralised currency.
They are issued by a real physical company/institution and should comply to the law of nation it belongs to.
While here at the government level want to mine BITCOIN and make a farm. Here, the government still found a way out of the crisis.. The whole country will be mine to do ICO...
So what does that mean for Canadian/Americans holding crypto on centralized exchanges? Does that mean the government will come in and shut them down, in turn people would lose their coinage?? I thought the point of crypto currency is to get away from the centralization of banks/governments!!
Soon many countries will follow the suit as there is no investor protection in ICO and there are many scams going. 
ICOs as such should be regulated.
ICO is not a decentralised currency.
They are issued by a real physical company/institution and should comply to the law of nation it belongs to.
ICO is not a decentralised currency.
They are issued by a real physical company/institution and should comply to the law of nation it belongs to.
I think regulation is right around the corner for most countrys to be honest. I don't think regulation will effect anything very much. There has been numerous talks in Denmark to regulate Bitcoin - but for now there isn't any, and in fact it is totally tax free to payout bitcoin.
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