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Securities administrators provide guidance on cryptocurrency offerings

Wednesday, September 06, 2017 @ 09:08 AM | By Luis Millan

Canadian financial regulators, in lockstep with a growing number of jurisdictions, have put the cryptocurrency world on notice after confirming the potential applicability of Canadian securities laws to virtual currencies and related trading and marketplace operations.

Cryptocurrency offerings can provide new opportunities for business to raise capital and for investors to access a broader range of investments but they also raise investor protection concerns due to their volatility, lack of transparency, custody, liquidity and the use of cryptocurrency exchanges, noted the Canadian Securities Administrators in a...