The regulators said in a statement: “With the offerings that we have reviewed to date, we have in many instances found that the coins/tokens in question constitute securities for the purposes of securities laws, including because they are investment contracts.” Canadian regulators are required to treat shares and initial coin offerings as securities . Any token whose value is important to future profiteering or success of a company should be considered a stock , and as such should have to play by the same strict rules as shares or seek exemptions , according to the Canadian Securities Code .
Canadian regulators are required to treat shares and initial coin offerings as securities . Any token whose value is important to future profiteering or success of a company should be considered a stock , and as such should have to play by the same strict rules as shares or seek exemptions , according to the Canadian Securities Code .