Inter-jurisdictional enforcement against cryptocurrency-related financial products
April 16, 2019 Occasional Contributors Business and Legal Issues, E-Commerce, Finance and Accounting, Financial Compliance / Planning / Management, 0
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.
Bitcoin, Canadian securities regulators, cryptocurrency, FinTech, investments, securities regulation
Fintech regulatory developments: 2018 year in review
February 22, 2019 McCarthy Tétrault LLP Accounting Systems and Controls, Business and Legal Issues, E-Commerce, Finance and Accounting, Fraud and Corruption, Government Budget, Throne Speech and Plans, IT, Privacy and Security, Network, Systems and Data Security, 0
2018 proved to be another busy year for Fintech in Canada, with a number of notable and anticipated regulatory developments. We look back to summarize some of 2018's most notable Fintech-related developments in Canada, and developments to watch for in 2019.
cryptoasset, cryptocurrency, financial services, FinTech, Proceeds of Crime (Money Laundering) and Terrorist Financing Act
Standing Committee on Finance releases recommendations on Canada's anti-money laundering and anti-terrorist financing regime
January 11, 2019 McCarthy Tétrault LLP Accounting Systems and Controls, Business and Legal Issues, Finance and Accounting, Financial Compliance / Planning / Management, Fraud and Corruption, IT, Privacy and Security, Privacy Compliance and Management, 0
Recently, the House of Common's Standing Committee on Finance released its report titled, "Confronting Money Laundering and Terrorist Financing: Moving Canada Forward" (the "Report"). The Report was released pursuant to the Standing Committee's mandate under Standing Order 108(2), which directed the Committee to study the Proceeds of Crime (Money Laundering) and Terrorist Financing Act1 ("PCMLTFA") and was […]
cryptocurrency, FINTRAC, Proceeds of Crime (Money Laundering) and Terrorist Financing Act
Bitcoin and cryptocurrency litigation
November 8, 2018 Occasional Contributors Accounting Systems and Controls, Business and Legal Issues, E-Commerce, Finance and Accounting, Financial Compliance / Planning / Management, Fraud and Corruption, IT, Privacy and Security, Network, Systems and Data Security, 0
Bitcoin and other cryptocurrencies are gaining more attention as days pass. Aside from the advantages that cryptocurrencies have like anonymity and easy international transactions, people are enticed by the fact that it can become a good investment.
Bitcoin, cryptocurrency, cryptocurrency scams, litigation, security
Canada's oldest stock exchange enters cryptocurrency market
May 1, 2018 Occasional Contributors Accounting Systems and Controls, Business and Legal Issues, E-Commerce, Finance and Accounting, IT, Privacy and Security
TMX Group Ltd., which owns the 166 year-old Toronto Stock Exchange, announced on March 22, 2018 that it would launch a cryptocurrency platform and thereby enter the burgeoning market for virtual currencies.
banking, Bitcoin, cryptocurrency, cryptocurrency market, Toronto Stock Exchange
Technology law highlights: 2017 Year in Review
February 16, 2018 McCarthy Tétrault LLP Anti-spam, Do-not-Call, Business and Legal Issues, Cyberlaw, Internet Law, E-Commerce, Finance and Accounting, IT, Privacy and Security, Network, Systems and Data Security, Privacy Compliance and Management, Sales, Marketing and Operations, Social Media/Social Networking
Here, in no particular order, are some of the year's highlights as chronicled by McCarthy Tétrault's bloggers:
anti-spam legislation, CASL, Copyright Modernization Act, cryptocurrency, FinTech, Google, technology law
February 13, 2018 Occasional Contributors Accounting Systems and Controls, Finance and Accounting, IT, Privacy and Security
As predicted in our 2016 year-end report, 2017 proved to be a busy year for Fintech in Canada, with a number of important regulatory developments. With the dawn of 2018, we look back to summarize some of 2017's most notable Fintech regulatory developments in Canada, as well as developments to watch for in 2018.
big data, Bitcoin, cryptocurrency, CSA regulatory sandbox, FinTech, Fintech ecosystem, Fintech regulatory developments, Proceeds of Crime (Money Laundering) and Terrorist Financing Act
Canadian taxation of cryptocurrency … so far
December 14, 2017 Occasional Contributors Accounting Systems and Controls, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, IT, Privacy and Security, Network, Systems and Data Security
Cryptocurrency is digital "money" that utilizes encryption techniques to regulate the issuance of units and verify their transfer. Cryptocurrency operates without the participation of a central bank or other government agency.
Canadian security, CRA, cryptocurrency, cryptocurrency scams, digital money, taxation, trading