Regulatory

Everything regarding the legalities of Cryptocurrency in Canada

Canadian Parliamentary Committee Calls for Cryptocurrency Regulation

The Canadian parliamentary finance committee, after conducting a review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), recommended three ways the Canadian government should monitor and regulate cryptocurrencies. While conducting the review, which began in February 2018, the finance committee held 18 meetings and heard testimony from 70 expert witnesses. The … Continued


Opinion: Cryptocurrency Regulation In Canada

By: Aaron Grinhaus – Grinhaus Law Firm, Toronto Aaron Grinhaus, Lawyer at Grinhaus Law Firm, provides his thoughts on the approach to regulating cryptocurrencies in Canada and discusses the impact that social discourse and the increased activity by regulators in this area is having on the industry. In Canada, as in other jurisdictions, the approach … Continued



Crypto Law Update: Securities and AML Regulators Make a Statement!

By: Aaron Grinhaus and Marium Rehan – Grinhaus Law Firm 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 that should also be added to this list is the consideration of all legal and regulatory restrictions that … Continued


Security Tokens vs Utility Tokens: What’s the Difference?

Blockchain has become the emergent technology of the last few years. Artificial intelligence and CRISPR have high potential, but only blockchain technology has shown the ability to disrupt nearly every industry in existence by making so many new business models possible. Blockchain technology has many useful innovations inherent, such as trust-less networks or decentralization, but … Continued


Are Cryptocurrencies Subject to Sales Tax?

By: Aaron Grinhaus – Grinhaus Law Firm 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 rules and taxes should apply. One such answer which remains elusive is what the tax consequences of mining … Continued


Are CryptoCurrencies Securities?

Are Cryptocurrencies securities? By: Aaron Grinhaus – Grinhaus Law Firm 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 year tech companies enjoyed free reign as this method of crowd … Continued


Is It Legal to Own Bitcoin In Canada?

Bitcoin is Legal to buy and transact in Canada and is regulated by anti-money laundering legislation and counter-terrorist financing legislation. Given its popularity, it’s not surprising that Bitcoin got under Canada Revenue Agency’s radars. If you buy, hold and sell virtual currency, and make a profit in the process, you must claim that profit as … Continued



South Korea Working on Regulating Digital Currencies

According to the Korean Herald, the South Korean Government is working on establishing a new set of rules and regulations for digital currencies such as, Bitcoin, Ethereum, Litecoin and more. The rules will protect South Koreans from the potential risks in transacting with cryptocurrencies. A statement by Rep. Park Yong-jin of the Democratic Party of … Continued