CryptoLord
Sat Jun 08 2024
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6 answers
1532
Is crypto regulated in Canada?｜Because of their speculative potential, cryptocurrencies in Canada are regulated under securities legislation. A security is an asset that constitutes an investment, defined by Canadian securities law as something that has, among other things, the expectation of future profits that arise from some common enterprise.
Could you elaborate on the regulatory framework surrounding cryptocurrencies in Canada? Since cryptocurrencies possess speculative qualities, I'm curious to know how they are categorized and treated under securities legislation in the country. Do these regulations primarily focus on safeguarding investors or managing the overall crypto market? Are there any specific measures taken to address the expectation of future profits arising from common enterprises associated with cryptocurrencies?
