Knowledge Base - Regulations

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.

Is crypto legal in Switzerland?

Yes, it is legal to own and trade crypto assets in Switzerland. Crypto assets fall within the definition of digital assets. Switzerland has a very favorable framework regarding digital assets. Rather than adopting a regulatory approach that is focused on market participants, Switzerland has adopted a ‘token-based approach. The Swiss Digital Ledger Technology Act  (DLT) seeks to create legal certainty surrounding the ownership or transfer of digital assets. In fact, to further the tokenization of rights, the DLT act has created a new category of negotiable digital security known as uncertificated securities. 

Is crypto legal in Singapore?

It is legal to own and exchange cryptocurrencies in Singapore. The Payment Services Act, 2019, defines crypto as a medium of exchange. This means that crypto can be used to purchase goods and services as well as discharge a debt. For companies that are directly dealing with cryptocurrencies — whether providing an exchange platform, custody, or other operations — robust Know Your Customer (KYC), Anti-Money Laundering (AML), and Combating the Financing of Terrorism (CFT) procedures have to be put in place to ensure compliance with the PSA.