The content in this article is provided for general information purposes and does not constitute legal or other professional advice or an opinion of any kind. We advise our readers to seek out qualified legal or professional counsel before making any decisions. The Canadian Revenue Agency (CRA) wants to tax your cryptocurrency holdings, and they have the legal right to…
I’m not mad I’m terrified. These are blue chip deals with top law firms who checked every box they could think of. And the SEC is going after not just the companies but the investors. – Arrington XRP Capital’s Michael Arrington in a since-deleted Tweet The U.S. Securities and Exchange Commission’s (SEC) probe of the cryptocurrency sector has very much…
The content in this article is provided for general information purposes and does not constitute legal or other professional advice or an opinion of any kind. We advise our readers to seek out qualified legal or professional counsel before making any decisions. The Canadian Revenue Agency (CRA) wants to tax your cryptocurrency holdings, and they have the legal right to…
The British Columbia Securities Commission (the “BCSC” or the “Commission”) has requested public comment on the future of financial technology (“Fintech”). In a notice BCN2018/01 issued on February 14, 2018, the Commission sets out the results of its prior consultations and requests further comments on potential regulatory action to clarify or modernize securities laws in the hopes of creating a…
While attending events where Initial Coin Offerings (ICOs) or Token Generating Events are discussed, I noticed a change in the message. The presentations used to focus on how to craft your token so it would be as little like a security as possible to avoid regulation.
Two days ago in Vancouver, the National Crowdfunding Association of Canada (NCFA) put on its third annual VanFUNDING conference. This was the first event since the rise of the Initial Coin Offering (ICO) and the change was palpable.
There have been calls from within the ICO community to embrace self-regulation, as a regulatory crackdown in the U.S. looks increasingly imminent. Speaking at yesterday’s Consensus: Invest hosted by CoinDesk, InputOutput’s Charles Hoskinson warned that enforcement by the Securities and Exchange Commission (“SEC”) was inevitable, and might even occur within the next six months. However, according to Bloq‘s Matthew Roszak,…
I’m looking forward to the VanFUNDING Conference next week. This year’s program features a full day of panels, pitching and networking with Canada’s leading fintech, blockchain and crowd finance experts, covering topics such as smart contracts, ICO’s, emerging regulations and more. The conference will be held on November 28, 8am-6pm at the Morris Wosk Centre at SFU. Click here for tickets, program,…
There has been a trend by recent startups towards changing the language surrounding initial coin offerings. You may have noticed an increase in startups issuing an “Initial token offering” or “Token Sale” – or, among the more creative terms: a “token generation event,” “initial capital building mechanism,” or even “ICBM.” CoinDesk used last week’s ICO Forward Summit in New York…
Steve Parr will be giving a short presentation as part of Vanbex’s full-day event on Ethereum Smart Contracts and Decentralized Apps. The event is targeted at developers, and will be held as SFU on Saturday, November 25 from 10am-6pm. Register here: Visit Event Page