Posts in Cryptocurrency
A Legal Update on Canada’s Framework for Virtual Currencies and Digital Assets

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

Chetan Phull · July 10, 2019

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Liability with no control

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

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Cryptocurrency and Monetary Instruments

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

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Cross-Border Crypto Related Litigation

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

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Enforcing Cryptocurrency Contracts

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

Chetan Phull · Apr 26, 2018

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Cryptocurrency Can’t Be “Money” in Canadian Commercial Law

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)

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What's Next in Crypto-Tax?

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

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Crypto-Exchange/Wallet Tax Issues

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

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Crypto as Specified Foreign Property

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

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The CRA’s Present Position on Crypto-Tax

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

Chetan Phull · Feb 23, 2018

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Crypto-KYC in Canada

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

Chetan Phull · Feb 8, 2018

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Virtual Currency Regulations in Canada: Will Your Blockchain Business Be Affected?

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

Chetan Phull · Feb 8, 2018

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The Law of ICOs/ITOs: Simplified

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

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Toronto May Soon Drive Virtual Currency Laws Across Canada

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)

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Your Blockchain Business Needs a Blockchain Lawyer

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

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