BAX Securities Law is one of the leading boutique law firms in Canada focusing on the complex, evolving regulations surrounding digital assets, blockchain technology, and NFTs providing expertise on compliance (FINTRAC, securities law), and corporate structuring for businesses and individuals. BAX assist crypto exchanges and other money services businesses (MSBs) with registration, FINTRAC, and KYC/AML compliance. BAX Offers advice on token generation events (ICOs) and determining if tokens comply with Ontario securities regulations
The Canadian Investment Regulatory Organization (CIRO) has published its Proposed Crypto Trading Platform Regulation Fee Model (the Proposed Crypto Fee Model) for review and comment for a period ending September 28, 2026. CIRO intends to…
In a recent speech to the Federal Reserve Bank of Philadelphia, U.S. Securities and Exchange Commission (SEC) chair Paul S. Atkins discussed the SEC’s approach to digital assets, which has been termed “Project Crypto.” “At…
In the wake of the recent record CAD $176,960,190 administrative monetary penalty levied by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) on Xeltox Enterprises Ltd. of Vancouver (also known as Cryptomus ), the…
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued a record CAD $176,960,190 administrative monetary penalty on Xeltox Enterprises Ltd. of Vancouver, a reporting entity providing virtual currency transaction service (also operating as…
The Canadian Securities Administrators (CSA) recently published their 2024 – 2025 Year in Review (The Year in Review), highlighting the regulator’s activities during the past year, including the issuing of over one thousand investor alerts,…
The U.S. Securities and Exchange Commission (SEC) published a press release on January 21, 2025 (“Press Release”) stating that it has launched a task force dedicated to developing a regulatory framework for crypto assets (“Task…
The Ontario Securities Commission (OSC) recently published its findings from a focused compliance review of crypto asset trading platforms (CTPs). OSC Staff Notice 33-757 Review of Restricted Dealer Crypto Asset Trading Platforms’ Compliance with the…
The Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) are reminding crypto trading platforms (CTPs) to ensure their operations comply with Canadian securities laws by prioritizing their applications for registration as investment…
The Canadian Securities Administrators (CSA) recently published their 2023-2024 Year in Review (The Year in Review), which discussed the emerging cryptocurrency regulatory regime and enforcement actions the regulator undertook in crypto-related matters. Perhaps as a…
Time may have run out for the so-called ‘Crypto King’, Aiden Pleterski. Pleterski has been charged with one count of fraud over $5,000 under Section 380(1)(a) of the Criminal Code, and one count of laundering…