Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019

The Minister's Order, in force as of January 15, 2019, interprets "digital currency" and "digital token" and the conditions of when such are prescribed to be securities.

In this Order - “digital currency” means a digital representation of value which is recorded on a distributed digital ledger whether cryptographically - secured or otherwise, that functions as a medium of exchange and is interchangeable with any money, including through the crediting or debiting of an account; and “digital token” means a digital representation which is recorded on a distributed digital ledger whether cryptographically - secured or otherwise.

The provisions of securities laws shall apply to a digital currency and digital token that are prescribed as securities under this Order except for Division 3 of Part VI of the Act.

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Document Details

Document Type: 
Doument Author (Entity): 
Authoring Country: 
Originating Country or Trade Block: 
Issue Status: 
Year of Document: 
2019
Date of Document: 
Tuesday, January 15, 2019
Document Authors: 
Minister of Finance
Language (This Document): 
English

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