Canadian regulators are looking to treat cryptocurrencies and initial coin offerings as securities. The Securities Exchange Commission has been investigating the sector for several years, but it is now taking a more aggressive stance in its efforts to regulate ICOs.
Canadian regulators are looking to treat cryptocurrencies and initial coin offerings as securities. Any token whose value is tied to future profiteering or success of a company should be considered a security, and as such should have to abide by the same strict rules as securities or seek exemptions, according to the Canadian Securities Administrators.