The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Canadian Regulator Rules Crypto Mining Contracts Can Be Classified As Securities

by Daily Hodl Staff
February 15, 2019
in Regulators

Canadian regulator Financial Markets Authority of Quebec (AMF) says cryptocurrency mining contracts can fall under securities regulation. The announcement comes in response to a request that the investors of a cryptocurrency mining firm contact the AMF regarding $300,000 of unrecovered investments.

Technologies Crypto Inc. reportedly took $300,000 from investors, who presumed their investments would be used for mining. Many investors have not been able to successfully contact the firm.

According to Jean-François Fortin of the AMF,

“With this decision, the [Financial Administrative Tribunal] TMF ruled for the first time that an investment offer related to cryptocurrency mining may constitute an investment contract, i.e. a security whose public offering is regulated… We therefore invite investors who have done business with the respondents to contact the authority promptly so that we can assist them.”

Cryptocurrency mining is a process used to validate transactions on blockchain networks. Mining reduces risks of manipulation of transactions on blockchain networks.

AMF, which is investigating the matter, urges investors to make contact.

“The authority is currently investigating this matter. It, therefore, urges anyone who has invested money with the correspondents to contact David Fortin-Dominguez and Samory Proulx-Oloko, to contact Ms. Hélène Guilbault at 1 877 525-0337, extension 2427, no later than February 28, 2019.”

In February, AMF asked the Financial Administrative Tribunal (TMF) to issue a series of freezing orders against Technologies Crypto Inc. Consequently, the organization has to release custody of its cryptocurrency mining equipment and cease crypto activities related to the trade of securities.

“TMF also ordered the respondents not to dispose, directly or indirectly, of any apparatus, equipment or machinery used to mine cryptocurrencies that they have in their possession and to preserve them.”

AMF and TMF continue to exercise legal powers over cryptocurrency organizations. Earlier in 2018, the regulator recently renewed injunction orders against companies and individuals connected with the alleged ICO-fraud Plexcoin. In that case, TMF ruled that plexcoins are investment contracts.

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Sportsbet.io launches 1 million USDT giveaway to mark Champions League finale
    May 15, 2025
  • Whale.io Accelerating Towards TGE – Unveils ‘Wager and Earn’ Campaign and Launches WHALE Token Conversion
    May 14, 2025
  • Edgen Launches ‘AI Super App,’ Democratizing Institutional-Grade Crypto Market Intelligence
    May 14, 2025
  • BC.GAME Unveils New Logo, Strengthens Crypto Integration in iGaming Ecosystem
    May 14, 2025
  • Plutus Launches PLUS More on Base – A New Era of Tokenized Loyalty Rewards
    May 13, 2025
  • DoubleUp – A New Generation of GambleFi
    May 13, 2025
  • MoonX: BYDFi’s On-Chain Trading Engine – A Ticket From CEX to DEX
    May 13, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$101,853.29
$101,853.29
1.83%
Ethereum
$2,538.09
$2,538.09
2.68%
BNB
$649.74
$649.74
1.06%
Solana
$170.13
$170.13
5.63%
XRP
$2.47
$2.47
5.79%

Spotlight

  • Bitcoin to $200,000? Investor Dan Tapiero Says One Catalyst Could Send Bitcoin Flying if US Economy Slows Hard
    May 8, 2025
  • Spyware Firm Ordered To Pay $167,250,000 in Damages for Enabling WhatsApp Hacks of 1,400 Smartphone Devices: Report
    May 8, 2025
  • Rich Dad Poor Dad Author Predicts Largest-Ever Market Crash, Says Bitcoin and Gold Will Protect Against Inflation
    May 8, 2025
  • Standard Chartered Analyst Backs Off Bitcoin Price Prediction, Now Calls $120,000 BTC ‘Too Low’: Report
    May 8, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl