In a wide-ranging statement on initial coin offerings (ICOs), Canada Securities Administrators (CSA) – an umbrella group composed of the country's regional and local securities watchdogs – has provided guidance on how regulatory bodies plan to oversee this emerging funding model. It encourages businesses with proposed ICOs to contact their local securities regulatory authority to discuss approaches for complying with securities laws, and notes that when assessing whether securities laws would apply the focus will be on “substance over form".
Up Next in Blockchain
Nasdaq proposed a Blockchain-based asset ownership data storage system. This system enables data to be stored on a public ledger while ensuring privacy through each block’s cryptographic hash value .
Nasdaq Files Patent for Blockchain-based Asset Ownership Data Storage System
Nasdaq seeks patent for storing ownership information of assets on a Blockchain, not yet ready to implement technology.
The prospect of blockchain technology remaking financial services just moved a step closer to reality, after banks including Goldman Sachs and JPMorgan completed a successful six-month test in the $2.8 trillion equity swaps market.
Blockchain Gets a Wall Street Win: ‘We Know the Thing Works Now’