ARTICLE · 10 FEBRUARY 2020

Securities Regulators Issue New Guidance On Crypto Asset Platforms

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On January 16, 2020, the Canadian Securities Administrators issued CSA Staff Notice 21-327 (linked here). The Notice provides clarity as to the application of securities legislation (registration)

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Cole J.N. Wilson

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On January 16, 2020, the Canadian Securities Administrators issued CSA Staff Notice 21-327 (linked here). The Notice provides clarity as to the application of securities legislation (registration) requirements to entities acting as exchanges for crypto assets. However, the Notice also appears to materially expand (perhaps too far) the application of securities laws to entities dealing in crypto assets. The purpose of this blog post is to provide a summary of the key points of the Notice.

Who does the Notice impact?

Any person that facilities transactions relating to crypto assets (both digital assets and cryptocurrencies), including buying and selling crypto assets ("Platforms").

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