Canadian Securities Administrators (CSA) issue additional guidance on securities law implications for token offerings

Canadian Securities Administrators (CSA) issue additional guidance on securities law implications for token offerings

The CSA has issued further guidance on the securities law implications for token offerings. The notice sets out situations in which an offering may involve an offering of securities, and how regulators may deal with offerings that are structured in multiple steps (such as those utilising SAFT agreements). The notice urges issuers with proposed offerings to consult their legal representatives about the implications of securities legislation.

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