The U.S. Securities and Exchange Commission (SEC) has confirmed that blockchain tokens are not exempt from securities laws, ruling that tokens issued last year by The DAO (a decentralized autonomous organization that utilized the Ethereum blockchain and was subsequently hacked) constituted “securities”. The SEC chose not to take legal action in that case, indicating that it will investigate similar initial coin offerings (ICOs) on a case-by-case basis.
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The Bank of Canada is partnering with TMX Group and Payments Canada to explore how blockchain technology could be used to speed up the clearing and settling of securities.
Bank of Canada Exploring Blockchain Tech For Securities
The Globe and Mail
After months of speculation and conflicting messages, ministers have announced the Russian Federation is to issue its own official cryptocurrency – the CryptoRuble. The landmark development will make Russia the first government in the world to officially implement digital currency.