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  • Writer's pictureDeborah

Utility tokens have ‘ one or more specific functions, such as allowing its holder to access or purchase services or assets based on blockchain technology’.



Despite the fact that the tokens have one or more utility functions, if an offering of a coin or token involves:

  • An investment of money

  • In a common enterprise

  • With the expectation of profit

  • To come significantly from the efforts of others

The offering would likely involve an investment contract and will be considered a security under Canadian securities laws.


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