June 12, 2018
Read online or download the full update here.
Geoffrey Cher & Amir Torabi
On June 11, 2018, the Canadian Securities Administrators (the “CSA”) issued CSA Staff Notice 46-308 – Securities Laws Implications for Offerings of Tokens (the “Staff Notice”)which provides additional guidance on the applicability of securities laws to offerings of coins or tokens. The Staff Notice is timely in that the federal government issued long-awaited draft legislation on June 9, 2018 in regards to the regulation of businesses dealing in virtual currencies.
The Staff Notice follows the August 24, 2017 publication of CSA Staff Notice 46-307 –...
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