ICOs May Be Subject to Securities Laws in Canada

The Canadian Securities Administrators (CSA) has issued a statement outlining regulatory concerns regarding Initial Coin Offerings (ICOs) that may fall under securities laws.

• The Canadian Financial Regulator Believes Many Should Be Subject to Securities Laws

• The CSA’s Statements Are Intended to Give Advance Warning to ICOs So That They Can Seek Independent Advice and Ensure Full Regulatory Compliance

• The Canadian regulator has emphasized its desire to balance the fostering innovation whilst providing consumer protections to cryptocurrency

Do you think that the CSA’s concerns regarding ICO’s comprising the issuance of securities is indicative of a regulatory stance that will become the norm across western nations? Share your thoughts in the Reply section below!