If signed into law virtual currency exchanges will be required to seek licensing in the country and comply with existing securities laws. (typeboard.com)
Under existing security laws in Canada, it is illegal for a company to sell equity through Crowd - funding, thereby preventing Canadian businesses from utilizing the investment model. (ncfacanada.org)
This past week both the Securities and Exchange Commission and the Commodity Futures Trading Commission came out with strong statements warning the exuberant initial coin offering industry (ICO) that regulators will no longer tolerate the flouting of existing securities law. (crowdfundinsider.com)