Francesca Guolo

Oct 8, 2024 | mondaq.com | Owen Gaffney |Francesca Guolo

On September 26, 2024, the CSA provided a further update for crypto asset trading platforms (CTPs) that are registered, or that have provided a pre-registration undertaking (PRU), on the interim approach set out in Staff Notice 21-333 – Crypto Asset Trading Platforms: Terms and Conditions for Trading Value-Referenced Crypto Assets with Clients ("SN 21-333").

Apr 30, 2024 | mondaq.com | Colin Romano |Francesca Guolo

As crypto-assets become subject to further regulation both domestically and globally, industry players find themselves presented not only with new obligations but also with new opportunities. Canada's 2024 federal budget ("Budget 2024") is no exception to this trend. Although the headline news coming from Budget 2024 was the proposed increase to the capital gains inclusion rate, companies operating in the blockchain space have more targeted changes to contend with.

Apr 26, 2024 | mondaq.com | Owen Gaffney |Francesca Guolo

On April 17, 2024, the Canadian Securities Administrators (CSA) provided an update to their interim approach in respect of "Value-Referenced Crypto Assets" (VRCAs), as set out in the CSA's guidance in Staff Notice 21-333 – Terms and Conditions for Trading Value-Referenced Crypto Assets with Clients ("SN 21-333").

Nov 26, 2023 | mondaq.com | Francesca Guolo |Owen Gaffney |Colin Romano

On November 2, 2023, the Canada Revenue Agency (CRA) answered a series of questions as part of the Association de planification fiscal et financière's annual conference in Quebec City that may have significant tax implications for centralized cryptocurrency trading platforms (CTPs) and their Canadian clients.1 Responding to two questions about cryptocurrency, the CRA took two important positions: A client that holds cryptocurrency through the facilities of a CTP may not own the cryptocurrency...