Cryptocurrency regulation in Canada: Hurry up and…wait.
In Canada, as in other jurisdictions, the approach regulators are taking to the cryptocurrency environment has been highly criticized for being slow to adapt. As with any new and emerging technology there…
Crypto Law Update: Securities and AML Regulators Make a Statement!
Creating a successful cryptocurrency start-up is hard, time consuming work. Starting a business requires a business plan and market analysis to ensure that there is demand, organization, and cash flow. One thing…
Cryptocurrencies, Blockchain and ICOs: What to expect in the Second Half of 2018
We are now approaching the halfway mark of 2018 and, other than the developments that I predicted in my January article, not that much else has changed. The crypto markets continue to be vulnerable to a variety…
What Cryptocurrency Investors Need to Know at Tax Time
Although investing in cryptocurrencies has been very volatile since their inception, the trend until very recently has been up. And for those who have been involved for over a year: way up. One question we hear a lot…
Trading Cryptocurrencies for Yourself and for Others: What are the Risks?
It is not uncommon for someone to walk into our office who was either an early investor in Bitcoin or Ethereum, or who had successfully played the Altcoin markets to reap substantial gains. For those people…
Blockchain and Cryptocurrencies in 2018: The Good, the Bad and the Ugly
2017 was a remarkable year for crypto. At the beginning of the year we saw people outside of the Blockchain community start to take notice. Then we saw institutions take notice. Then we saw governments start to…
Are Cryptocurrencies Subject to Sales Tax?
The use of Cryptocurrencies in Canada continues to gain popularity, but as its use cases proliferate, the regulators, including the Canada Revenue Agency (“CRA”), are struggling to provide answers for how certain…
Ontario Securities Commission Takes It’s First Crack at Regulating a Token Generation Event
Many of you may recall that in March 2017 the Ontario Securities Commission (“OSC”), on the coat tales of its American counterpart, released “Staff Notice 46-307 – Cryptocurrency Offerings” (the “Notice”). We…
Are Cryptocurrencies Securities?
The recent explosion of crowd sales for Blockchain-based businesses has resulted in the raising of tens of millions of dollars through the sale of cryptographic coins and tokens, known as cryptocurrencies. Earlier this…