Africa

Asia

Europe

Middle East

North America

South America

United States

Cryptoassets & Blockchain Legal News

BTC $ 3606 0.93%
BCH $ 129 5.35%
ETH $ 119 1.52%

United States

ICOs may fall under one jurisdiction – Ontario Securities Commission

March 9, 2017 by Beatrice OZANNE

The Ontario Securities Commission (OSC) issued a statement regarding ICOs, in which it claimed that despite the tokens not signifying an ownership stake in a particular business, the might be viewed as securities, hence, fall under the commission’s jurisdiction.

“Businesses’ specific use of [distributed ledger technology] may trigger Ontario securities law requirements, including the need to be registered or file a prospectus,” the statement reads.

The commissions encouraged businesses interested in the blockchain technology as means of raising capital to discuss securities law and investor protection requirements with the OSC.

Tags: ,

More info from other sources

SIMILAR NEWS

United States Latest Cryptoassets & Blockchain Legal News

Stay tuned with the legal news on blockchain & cryptoassets

Whether you are a founder gearing-up for an ICO, a token-buyer or a cryptoasset trader, subscribe to our newsletter to be informed of the latest legal developments impacting blockchain & cryptoassets in each and every jurisdiction