Legal classification of crypto assets in securities law re-examined following ruling by tribunal

By Luis Millán ( October 3, 2025, 2:30 PM EDT) -- The legal classification of crypto assets in securities law has been brought into question following a ruling by Quebec’s Financial Markets Administrative Tribunal. The tribunal held that the nature of a crypto and its potential classification as an investment contract may vary depending on the “economic reality” surrounding each transaction, underscoring the need for Canadian and Quebec legislators to modernize the regulatory approach to crypto, according to legal pundits....
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