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Securities regulators grant landmark bitcoin investment fund manager registration

On September 5, 2017, securities regulators in British Columbia and Ontario granted First Block Capital Inc. registration as an investment fund manager and an exempt market dealer in order to operate a bitcoin investment fund. This is the first registration of an investment fund manager in Canada solely dedicated to cryptocurrency investments.

BLG represented First Block Capital with a team lead by Jason Brooks (Securities Registrant Regulation and Compliance) that included Rob Wallis and Lyne St. Pierre in relation to the registration application, and Carol Derk, Craig Webster (Tax), Grace Pereira (Tax), Whitney Wakeling and Inaki Gomez in relation to First Block's bitcoin investment fund