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.”