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Divergent Regulatory Approaches to Cryptocurrency Offerings: Developments in Canada, the United States, and China

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Oct 04, 2017

In October 2017, McMillan LLP released a bulletin that considers the statements made by regulators as they adopt their respective mechanisms for dealing with cryptocurrency as a new investment vehicle.

The issuance of cryptocurrency has become more common as a capital raising mechanism, which has caused considerable attention to be paid to cryptocurrency offerings by both the investing public and the governmental authorities responsible for securities regulation in various jurisdictions around the word.

The Canadian approach to cryptocurrency offerings appears to be to apply the current regulatory system for securities to the offerings, once the test for a security has been met on the basis of the individual set of facts related to the type of cryptocurrency and the offering itself.

Review the bulletin on McMillan LLP's website.

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