Canadian regulations governing digital assets are maturing rapidly and in harmony, so far.

Chetan Phull · July 10, 2019 (addendum Oct 30, 2019)

If decentralized systems are used to limit liability in cyberspace, we will need new guideposts for liability and law enforcement.

Chetan Phull · June 11, 2019

Cryptocurrency cannot be the subject of an “inland” monetary instrument, but may be capable of a “foreign” monetary instrument. For example, a hardware wallet fashioned into a physical gift card.

Chetan Phull · Apr 26, 2018

An overview of an Ontario’s court’s jurisdiction in cross-border disputes, with discussion of recent Canadian cases involving international cryptocurrency businesses.

Chetan Phull · Apr 26, 2018

How to enforce a cryptocurrency-denominated contract, or defend against such enforcement.

Chetan Phull · Apr 26, 2018

At present, a contract denominated in cryptocurrency can only be legal in Canada if cryptocurrency is not “money”. Here’s why.

Chetan Phull · Apr 26, 2018 (addendum June 25, 2018)

The Standing Senate Committee on Banking, Trade and Commerce is due to review its 2015 report on cryptocurrencies this year (2018).

Chetan Phull · Feb 23, 2018

Material tax-purposed questions for cryptocurrency exchanges, wallets and users imply an important issue regarding resulting trusts and tax reporting obligations.

Chetan Phull · Feb 23, 2018

Cryptocurrency as “specified foreign property” under the Income Tax Act is problematic, because of how cryptocurrency is located in fact, held, and accessed.

Chetan Phull · Feb 23, 2018

Survey of the CRA’s current position on various cryptocurrency income tax and GST-HST issues.

Chetan Phull · Feb 23, 2018

An overview of upcoming KYC requirements for businesses "dealing in virtual currencies".

Chetan Phull · Feb 8, 2018

We anticipate that Canadian regulations on virtual currencies will be released soon. Will Your Blockchain Business Be Affected?

Chetan Phull · Feb 8, 2018

Initial Coin Offerings, or Initial Token Offerings (“ICOs/ITOs”), have become a popular method for companies to raise capital. This is a general guide for when ICOs/ITOs will trigger securities laws in Ontario.

Chetan Phull · Jan 25, 2018

The acceptance of Councillor Kelly's proposal on January 31, 2018 may serve as a catalyst for rapid legal development in the virtual currency space, with Toronto having initiated the process.

Chetan Phull · Jan 16, 2018 (addendum Jul 20, 2018)

The law is changing. Blockchain activities are being regulated. Legal compliance is—and will increasingly be—essential to the functioning and profitability of your blockchain business.

Chetan Phull · Jan 4, 2018