Canada Crypto Regulations Primer: Legality, AML/KYC, Licensing, and the Travel Rule Requirements
Is crypto legal in Canada
It is legal to own and exchange cryptocurrencies in Canada. Canada primarily regulates cryptocurrencies under securities laws, which are enacted on a provincial and territorial basis. The Canadian Securities Administrator (CSA) harmonizes all securities laws and facilitates coordination between various provincial and territorial securities regulators. As per the CSA, if a coin or token is deemed to be a security, then businesses issuing such coins have to meet the registration, prospectus requirements, and AML/KYC requirements.