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".
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The Canadian Securities Exchange (CSE) plans to launch a blockchain-based clearing and settlement platform for token sales. The initiative will see the CSE move to list 'Security Token Offerings' through which blockchain-based assets that are explicitly securities would be offered and sold.
Canadian Securities Exchange Taps Blockchain for New Clearinghouse
Additional Wall Street money may start making its way into cryptocurrency investments soon. An American rating agency is set to issue grades for bitcoin and a host of altcoins this week, possibly opening the door for more fund managers to enter the field. Beyond market leader bitcoin, the rating agency will issue grades for ether, Ripple’s XRP, bitcoin cash, Litecoin, and many others.
U.S. Rating Agency to Issue Bitcoin and Cryptocurrency Grades
Bitcoin News - Avi Mizrahi