There is another big step towards market regulation. Canada following US and Singapore claims that any coin during ICO/ITO to be security. Staff Notice 46-307 issued by Canadian Securities Administrators reveals that many of the digital tokens investigated by regulators in Canada fall under the definition of a security, thereby triggering a range of legal requirements.
This means that Canada closed their boarders to almost all ICO campaigns. Will it affect behavior of Canadian cryptoenthusiasts? (Opinion of Canadian and US residents are highly appreciated).
What country is next to regulate ICO?
They are just trying to get money out of people, if you participate in an ico you need to pay your taxes, they are now realizing that there is another way to get additional money and they are trying to tap the market with their existing regulations that is all.