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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