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Allan Goodman quoted in "New crypto-currency rules come as enforcement ramps up", Law Times

June-26-2019

Lawyer Allan Goodman
Area Technology

Details

Excerpt from "New crypto-currency rules come as enforcement ramps up", Anita Balakrishnan, Law Times:

It will be a relief to have some sort of certainty to provide clients, amid a series of enforcement actions, says Allan Goodman, a partner at Goodmans LLP in Toronto and co-chairperson of the firm’s technology group.

“Rather than have ad hoc rulings or enforcement proceedings, it would be good to have — like we do for securities law — a set of guidelines and rules and policies and have the legislation catch up to the technology,” he says. “It’s always helpful for us as lawyers and for clients to have some policies — if not law . . . it’s sort of been on a one-off basis so far. Any commentary or guidance is always helpful for the industry.”

Some of the recent enforcement actions involved crypto trading platform QuadrigaCX, as well as a U.S. Securities and Exchange Commission investigation of a token from Canadian company Kik Interactive Inc., says Goodman.

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