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Media Coverage

Blockchain Investing News quotes Mike Stephens in an article about the regulation of blockchain in Canada and the opportunity to fine-tune the process

Fasken
Reading Time 1 minute read

“What is the blockchain regulation process in Canada?” by Jocelyn Aspa, Blockchain Investing News

Blockchain Investing News quotes Vancouver lawyer, Mike Stephens, in an article about the regulation of blockchain in Canada and the opportunity to fine-tune the process.

Mike Stephens, an information technology lawyer and partner at Fasken, assists with merger and acquisitions (M&As) for tech companies and has built up a portfolio in blockchain and cryptocurrency-related issues. Stephens spoke with the Investing News Network (INN) and said that in Canada, regulators enforce similar laws as in the US, but do so in a “more collaborative and consultative way.”

“Any offering of a security, what the law determines to be a security in [that] context is considered a distribution,” Stephens explained. “A distribution of a security in Canada either needs a prospectus to be filed to support that distribution, or it needs to fit within a specific exemption from the requirement to file a prospectus.”