On August 28, 2018 the North American Securities Administrators Association (NASAA) announced that more than 200 active investigations of Initial Coin Offerings (ICOs) and cryptocurrency-related investment products are currently underway by state and provincial securities regulators in the United States and Canada as part of…
BAX Securities Law voted a Top 10 Canadian Corporate Boutique Law Firm for 2018-2019 Toronto, September 10, 2018: BAX Securities Law (BAX) is pleased to announce it has once again been ranked as one of the Top 10 Corporate Boutique law firms in Canada for…
On June 8, 2018, the Canadian Securities Administrators (CSA ) published a notice indicating that they are making amendments (the Rule Amendments) to National Instrument 45-106 Prospectus Exemptions (NI 45-106) to amend Form 45-106F1 Report of Exempt Distribution (the Report) and a related change to Companion Policy 45-106CP Prospectus Exemptions (45-106CP). Provided all necessary…
According to a study recently published by the Ontario Securities Commission (OSC), while a sizable number of Ontarians own cryptocurrency assets, the majority remain unclear on the basics of cryptocurrency, while many are ignorant of the regulatory framework surrounding them. The OSC study, The Taking…
In a move that should have surprised no-one but actually did, investors in the Tezos blockchain project are being hit with a Know Your Client (KYC)/Anti-Money Laundering (AML) audit, which has managed to have enraged almost all the participants. On June 10, the Tezos Foundation…
The Canadian Securities Administrators (CSA) recently published two notices for a 120-day comment period regarding investor protection initiatives (Client Focused Reforms). Together, the goal of these reforms, states the regulator, is to provide a single set of harmonized reforms that would require registered firms and…
In the wake of the Coincheck breach earlier this year, the Japanese Financial Services Agency (FSA) has been cracking down on that country’s cryptocurrency exchanges. Now a new wrinkle has emerged over concerns that the country’s licensed crypto exchanges do not have sufficient internal processes…
IT’S BECOMING EASIER TO BE GREEN – WITH BETTER RETURNS MAY 25, 2018 Click here to view article
According to a recent speech in San Francisco, earlier this month by Securities and Exchange Commission (SEC)’s William Hinman, Ether – the cryptocurrency behind the Ethereum network – should not be regulated in the same way as stocks and bonds. These comments, by Hinman, the…
The Canadian Securities Administrators (CSA) has published a notice and second request for comment on Proposed National Instrument 93-101 Derivatives: Business Conduct and Proposed Companion Policy 93-101 CP Derivatives: Business Conduct (the Proposed Instrument). The Proposed Instrument establishes a business conduct regime for regulating dealers…