Topic: CANADA to regulate ICO. RUSSIA is next? - page 4. (Read 3071 times)
If a person in United states or Canada, Invest in an ICO, then what will happen? How governments can prosecute those who have invested in ICOs?
How about India? There is growing interest in that country and a new exchange that recently opened up - Bitbay. Perhaps they will regulate ICOs as well when things start moving over there.
Quick question for everyone. I'm not an accredited investor and I'm a US citizen, is it illegal for me to invest in ICOS? And if it is, is it illegal for me to buy coins that are still in the ICO phase on an exchange--for example, EOS--instead of from the dev team?
China is next. I'm curious about the outcome, because China's market of ICOs is very big and promising.
Yes, China's market is huge! I can't wait when the Chinese starting to use crypto as way of creating the ICOs is the norm. Then I would see the Chinese government would step in.
I think, EU will be faster in accepting cryptocurrencies regulations than China.
China is next. I'm curious about the outcome, because China's market of ICOs is very big and promising.
Yes, China's market is huge! I can't wait when the Chinese starting to use crypto as way of creating the ICOs is the norm. Then I would see the Chinese government would step in.
Quote
Recently, several jurisdictions have taken steps to impose requirements on cryptocurrency exchanges, including with respect to identity verification, anti-money laundering, counter-terrorist financing and recordkeeping.
I really hope that by the time governments start to go after centralized exchanges with no KYC/AML requirements, decentralized exchanges will up an running.Also, this is not only about institutional investors. If I understand the staff notice correctly, companies doing ICOs are required to collect huge amount of personal information about individual investors as well.
Quote
Individuals or businesses that meet the business trigger must meet fundamental obligations to investors, including know-your-client (KYC) and suitability. Collecting little to no information on investors, for example only names, email addresses and/or IP addresses would not be sufficient to meet this obligation.
One note for all the people who are willing to trade anonymity for a little bit of security (i.e. "regulation is good as it weeds out scammers" guys): are you really willing to provide your real personal information to random startups on internet with no track record whatsoever?
This is also interesting part
Quote
Allowing coins/tokens that are securities issued as part of an ICO/ITO to trade on these cryptocurrency exchanges may also place the business issuing the coins/tokens offside securities laws. For example, the resale of coins/tokens that are securities will be subject to restrictions on secondary trading.
Canada is going to regulate, not prevent you from investing per say. With Russia they make it sound like they want to prevent regular people from participating in ICOs much like the United States. ICO's will then have to abide by the regulations set by the governing body in Canada presumably.
That's exactly the same position as the SEC. Think about it. Both the SEC and CSA said that these ICOs may fall under the definition of a security triggering massive legal requirements for those running ICOs. That means that, until further notice, they are fully subject to the same restrictions as other stocks (which no ICOs are complying with at all).
It's all about the humongous money involved in every ICO's. If it wasn't for millions of dollars being collected by those get rich quick devs, maybe there will be no ICO regulation coming.
New Rules and protocols for Institutional investors playing with peoples pension funds, Hardly Doom and Gloom. Canada about too have a Japan Moment 
Canada is going to regulate, not prevent you from investing per say. With Russia they make it sound like they want to prevent regular people from participating in ICOs much like the United States. ICO's will then have to abide by the regulations set by the governing body in Canada presumably.
Russias crypto regulations are related to its plan to implement its own cryptocurrency called, BitRuble.
https://cointelegraph.com/news/we-cant-keep-crypto-under-lock-and-key-anymore-says-senior-russian-politician
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?
Canada is more free than Russia. So this is normal for Canada to allow people conduct ICO. Russia is more rigid and they don't welcome ICO things warmly. Australia can be the next one instead of Russia.
Australia regulate ICO bcs idk if not i think their is next, but not Russia lol they people don't care about shit like that ALSO they people do ICO in other countries
Canada is going to regulate, not prevent you from investing per say. With Russia they make it sound like they want to prevent regular people from participating in ICOs much like the United States. ICO's will then have to abide by the regulations set by the governing body in Canada presumably.
ICO regulation is a good thing, we have too much scam coins or tokens recently.
I prefer expert opinion on this or opinions of those passionate about Cryptocurrency NOT opinions of those who joined for the financial gains. People still don't understand the purpose of Cryptocurrency. Bitcoin has never been regulated yet its doing just fine. Smh
Today I heard that Russia is going to regulate cryptocurrency market - no unqualifed individuals allowed to buy/sell cryptocurrencies. Only through brokers on Moscow exchange. The last hope is Crimea which could be a hub for crypto enthusiasts. The Quesition is if enthusiasts are eager to move to breakeaway region?!
Canada's regulatory regime is a bit unique in that broad scope is given to the individual provinces' securities regulators. this means you may have varying approaches to the problem. On the plus side, Canadian regulators at least in Ontario and BC have been very knowledgeable, receptive, and eager to engage with the industry. On the negative side, it's uncommon for any province to go far outside the norm as set by the SEC.
Canada's version of the Howey Test is set by the Pacific Coin Exchange case:
* https://scc-csc.lexum.com/scc-csc/scc-csc/en/item/4380/index.do
For any Canadian "cryptoenthusiast" this announcement shouldn't have come as a surprise as it's largely the stance that the BC and ON province regulators have taken thus far.
Canada's version of the Howey Test is set by the Pacific Coin Exchange case:
* https://scc-csc.lexum.com/scc-csc/scc-csc/en/item/4380/index.do
For any Canadian "cryptoenthusiast" this announcement shouldn't have come as a surprise as it's largely the stance that the BC and ON province regulators have taken thus far.
The whole notice seems to be positive as the regulatores are aware of changes and try to seek the way out of current situation. It is up for canadian cryptoenthusiasts whether to start collaborating or not. It seems to me that this way is rather difficult and will lead to ICO cost increase and would be rather time consuming. More obvious is to seek for offshore jurisdiction and conduct ICO there.
This is step forward, when governments starts to regulate ICO`s they are here to stay. I saw this links you shared, but they are
very long and with many not important informations for most of us here, can someone share some shorter version?
Who is next is just guessing game, Canada is big country and US will follow, then China, Japan, Australia, EU.. couple more countries
and that is whole world. I wonder will Canada make some list of good and bad alt-coins, like they will favor some alt-coins, but some
will be forbidden. This list can make some coins to increase in price a lot.
very long and with many not important informations for most of us here, can someone share some shorter version?
Who is next is just guessing game, Canada is big country and US will follow, then China, Japan, Australia, EU.. couple more countries
and that is whole world. I wonder will Canada make some list of good and bad alt-coins, like they will favor some alt-coins, but some
will be forbidden. This list can make some coins to increase in price a lot.
It won't take you much time to read 8 pages, but I think they are rather useful. I agree that there are not so many countries left for regulation. The questions is what to expect for ICO performers -Canada nad other countries contributors to coin legislation will not make the list of good and bad altcoins. But they can create list of legal and not legal coins. In this case many altcoins can face a lot of suits against them, so the price will go down.
This is step forward, when governments starts to regulate ICO`s they are here to stay. I saw this links you shared, but they are
very long and with many not important informations for most of us here, can someone share some shorter version?
Who is next is just guessing game, Canada is big country and US will follow, then China, Japan, Australia, EU.. couple more countries
and that is whole world. I wonder will Canada make some list of good and bad alt-coins, like they will favor some alt-coins, but some
will be forbidden. This list can make some coins to increase in price a lot.
very long and with many not important informations for most of us here, can someone share some shorter version?
Who is next is just guessing game, Canada is big country and US will follow, then China, Japan, Australia, EU.. couple more countries
and that is whole world. I wonder will Canada make some list of good and bad alt-coins, like they will favor some alt-coins, but some
will be forbidden. This list can make some coins to increase in price a lot.
Regulation will give people confidence about the legitimacy of an ico and the team behind it. However, if they adopt similar rules that are for other types of securities now, like the prospectus and requirement to sell only through a dealer, that would make it very expensive to have an ico and more expensive for us as someone has to pay the middle man. I think that would stifle innovation in the ico space (along with stifling scams)
I dont mind ICO regulation as long as I dont need no brokers and middlemans etc...
This is step forward, when governments starts to regulate ICO`s they are here to stay. I saw this links you shared, but they are
very long and with many not important informations for most of us here, can someone share some shorter version?
Who is next is just guessing game, Canada is big country and US will follow, then China, Japan, Australia, EU.. couple more countries
and that is whole world. I wonder will Canada make some list of good and bad alt-coins, like they will favor some alt-coins, but some
will be forbidden. This list can make some coins to increase in price a lot.
very long and with many not important informations for most of us here, can someone share some shorter version?
Who is next is just guessing game, Canada is big country and US will follow, then China, Japan, Australia, EU.. couple more countries
and that is whole world. I wonder will Canada make some list of good and bad alt-coins, like they will favor some alt-coins, but some
will be forbidden. This list can make some coins to increase in price a lot.
Regulation will give people confidence about the legitimacy of an ico and the team behind it. However, if they adopt similar rules that are for other types of securities now, like the prospectus and requirement to sell only through a dealer, that would make it very expensive to have an ico and more expensive for us as someone has to pay the middle man. I think that would stifle innovation in the ico space (along with stifling scams)
This is step forward, when governments starts to regulate ICO`s they are here to stay. I saw this links you shared, but they are
very long and with many not important informations for most of us here, can someone share some shorter version?
Who is next is just guessing game, Canada is big country and US will follow, then China, Japan, Australia, EU.. couple more countries
and that is whole world. I wonder will Canada make some list of good and bad alt-coins, like they will favor some alt-coins, but some
will be forbidden. This list can make some coins to increase in price a lot.
very long and with many not important informations for most of us here, can someone share some shorter version?
Who is next is just guessing game, Canada is big country and US will follow, then China, Japan, Australia, EU.. couple more countries
and that is whole world. I wonder will Canada make some list of good and bad alt-coins, like they will favor some alt-coins, but some
will be forbidden. This list can make some coins to increase in price a lot.
Jump to: