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

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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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