• About
  • Offices
  • Careers
  • News
  • Students
  • Alumni
  • Payments
  • EN | FR
Background Image
Bennett Jones Logo
  • People
  • Expertise
  • Knowledge
  • Search
  • FR Menu
  • Search Mobile
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
View all
Practices
Corporate Litigation Regulatory Tax View all
Industries
Energy Infrastructure Mining Private Equity & Investment Funds View all
Advisory
Crisis & Risk Management Public Policy
View Client Work
International Experience
Insights News Events Subscribe
Arbitration Angle Artificial Intelligence Insights Business Law Talks Podcast Class Actions: Looking Forward Class Action Quick Takes
Economic Outlook New Energy Economy Series Quarterly Fintech Insights Quarterly M&A Insights Sustainability & the CIO
People
Offices
About
Practices
Industries
Advisory Services
Client Work
Insights
News
Events
Careers
Law Students
Alumni
Payments
Search
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
 

Global Legal Insights on Blockchain and Cryptocurrency Legislation

September 24, 2018

Download PDF

     
Download PDF Global Legal Insights on Blockchain and Cryptocurrency Legislation

Written By Conrad Druzeta, Simon Grant, Matthew Peters and Ceilidh Hemmati

Conrad Druzeta, Simon Grant, Matthew Peters and Ceilidh Hemmati author the Canada chapter in Global Legal Insights‘ Blockchain and Cryptocurrency Legislation 2019. They provide a detailed look at key areas of blockchain and cryptocurrency legislation:

  • Government attitude and definition
  • Cryptocurrency regulation
  • Sales regulation
  • Taxation
  • Money transmission laws and anti-money laundering requirements
  • Promotion and testing
  • Ownership and licensing requirements
  • Mining
  • Border restrictions and declaration
  • Reporting requirements
  • Estate planning and testamentary succession

Conrad, Simon, Matthew and Ceilidh’s insights include:

The general attitude of the Canadian government (including regulatory agencies) to cryptocurrencies has been a mix of caution and encouragement: caution in terms of protecting investors and the public, but encouragement in its support of new technology.

The Canadian government itself is also experimenting with blockchain technology.

For taxation purposes, cryptocurrencies are treated as commodities, not as money. Under securities laws, many cryptocurrencies or “tokens” are classified as securities.

Cryptocurrencies are not treated as legal tender in Canada. Despite this, the Bank of Canada tested Digital Depository Receipts (DDR) as a digital representation of Canadian currency in 2016 and 2017.

Project Jasper was a joint initiative between the public and private sector, conducted by the Bank of Canada and Payments Canada with the help of banks and corporations (such as R3). Together, they built and tested a closed, simulated payment system to better understand the potential for blockchain to augment or displace FMI. Project Jasper marked the first ever DLT experiment in which a central bank partnered with private financial institutions.

Key Contact

  • Simon  Grant Simon Grant, Partner

Related Links

  • Insights
  • Media
  • Subscribe

Related Expertise

  • Banks & Financial Institutions
  • Fintech
  • Tax

Recent Posts

Announcements

Eighteen Bennett Jones Lawyers Ranked in Lexpert's Special Edition on Health Sciences

July 02, 2025
       

Client Work

Bennett Jones Acts for Canadian Pacific Kansas City Limited in Overturning C$228 Million Judgment

July 02, 2025
       

Announcements

Harinder Basra Appointed Calgary Managing Partner at Bennett Jones

July 01, 2025
       

Announcements

John Manley Appointed Companion of the Order of Canada

June 30, 2025
       

Articles

Ursic v. Country Lumber Ltd.: The Employment and Labour Law Reporter

June 27, 2025
       

Articles

Mareva Injunctions in Canada: Now Easier to Get?

June 25, 2025
       

Announcements

David Wahl Appointed to CIArb Canada Board of Directors

June 23, 2025
       

Client Work

BCI Acquires BBGI Global Infrastructure SA in £1 Billion Take-Private

June 23, 2025
       

In The News

Bennett Jones Team Wins Largest Commercial Damages Award in Canadian History

June 23, 2025
       
Bennett Jones Centennial Footer
Bennett Jones Centennial Footer
About
  • Leadership
  • Diversity
  • Community
  • Innovation
  • Security
Offices
  • Calgary
  • Edmonton
  • Montréal
  • Ottawa
  • Toronto
  • Vancouver
  • New York
Connect
  • Insights
  • News
  • Events
  • Careers
  • Students
  • Alumni
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
© Bennett Jones LLP 2025. All rights reserved.
  • Privacy Policy
  • Disclaimer
  • Terms of Use
Logo Bennett Jones