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.
Topic: CANADA to regulate ICO. RUSSIA is next? - page 5. (Read 3082 times)
I think the European Union will soon regulate ICOs. There is so much over the top regulation of the securities market in the EU that I'm surprised the EU hasn't issued a directive already.
China is next. I'm curious about the outcome, because China's market of ICOs is very big and promising.
I don't think it will affect cryptoenthusiasts too much, it will set things back a bit, but Im sure it will be re-evaluated overtime.
It's common to post a link when you start a thread:
https://www.google.ca/search?q=Staff+Notice+46-307&oq=Staff+Notice+46-307&aqs=chrome..69i57&sourceid=chrome&ie=UTF-8
Just a statement that ICOs may fall under current regulations.
https://www.google.ca/search?q=Staff+Notice+46-307&oq=Staff+Notice+46-307&aqs=chrome..69i57&sourceid=chrome&ie=UTF-8
Just a statement that ICOs may fall under current regulations.
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?
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