No ICOs for Canada

[Anonymous No.3558703]

Buying ICOs in Canada is illegal apparently. Guess I'm fucked getting gainz.

https://news.bitcoin.com/icos-may-be-subject-to-securities-laws-in-canada/

[Anonymous No.3558714]

it's illegal in the US too but guess what? we still buy them if they don't ask for KYC.

[Anonymous No.3558725]

North Americans get fucked

[Anonymous No.3558737]

Buying ICOs isnt illegal. Buying ICOs with the express intention of making money on it for a coin that is an investment and not a product is subject to securities laws which involves being an accredited investor. ICOs are determined on a case by case whether or not they are actually a security. If a coin is a DAO or pays dividends in any way there's a good chance it's a security.

[Anonymous No.3558780]

They just want proper compliance, regulation is a good thing in this regard imo, the general tone of the whole thing was net positive. The ICOs that get posted here, as shitty as some are, are at least mostly above board. You have to go digging to find the really bottom of the barrel ones that genuine idiots get suckered into (Good Good ICO), and that seems to be what they want to protect people from while also ensuring their cut of capital gains and dividends.

[Anonymous No.3558812]

>>3558737
>DAO
not sure on this abbreviation
>If a coin is a DAO or pays dividends in any way there's a good chance it's a security.
So what you're saying is, if it's not paying me it's not a security. But I can still withdraw it and take the money legally?

[Anonymous No.3558837]

>>3558703
contrary to what i just read, other articles state that it's illegal to start an ICO, which would mean that it's still legal for me to purchase said ICOs and make gainz. Can anons confirm this?

[Anonymous No.3559087]

>>3558703
relative CSA statement

http://www.osc.gov.on.ca/documents/en/Securities-Category4/csa_20170824_cryptocurrency-offerings.pdf

[Anonymous No.3559150]

Why are they trying so hard anons? Is it fear?

[Anonymous No.3559354]

>>3559150
it's def related to fear.

[Anonymous No.3559416]

>>3559354
I think so as well. It's pretty blatant at this point between US, Canada, China etc. Weeew LETS BRING DOWN THE SYSTEM AND THE JOOS

[Anonymous No.3559482]

>>3559150
>>3559354
>>3559416
It has nothing to do with fear you delusional mongoloids

It's investor protection, and anti money laundering/financing illegal activities.

Coins are basically stocks, devs can't just rip people off by selling them bullshit coins for real money. These are securities and must adhere to the investment regulations of the iiroc

[Anonymous No.3559494]

>>3559482
>he thinks the government actually want's to protect him
topkek, Who's the delusional one?

[Anonymous No.3560444]

lolis are also illegal

[Anonymous No.3560502]

>Pirating movies and music is illegal and is a punishable offence

I missed the part where I'm supposed to care

[neroo !NEr0oITgjU No.3561473]

>>3558703
post leafgirls