Cryptocurrency taxation update
On May 17, 2019, the Department of Finance released proposals to amend the Excise Tax Act (Canada) to treat certain virtual currency as a financial instrument for GST/HST purposes.
cryptocurrency
Failure to [Coin]Launch – Caution for crypto-asset consultants, advisers and service providers
CoinLaunch carried on business as a cryptoasset consultant, offering marketing and promotional services to prospective token issuers.
Inter-jurisdictional enforcement against cryptocurrency-related financial products
In its first enforcement decision concerning cryptocurrency, the Ontario Securities Commission permanently prohibited USI-Tech Limited from trading in securities or derivatives based on its promotion of cryptocurrency-related financial products in Ontario.
