Which regulator covers which crypto activity

The same activity can fall under several sets of rules at once. Selling a token can raise securities questions, moving money can raise anti-money-laundering duties, advertising it can raise consumer protection rules, and gains from it can raise tax questions. Each set is usually handled by a different office.

Offices that commonly cover crypto include the financial regulator, the securities authority, the tax authority and the consumer protection body. The articles do not say which one applies to your case; a qualified professional can.

In Canada, securities regulation sits with the provinces and territories. In Alberta, the securities regulator is the Alberta Securities Commission (ASC); its website is the place to look for investor information and warnings. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) supervises anti-money-laundering rules for money services businesses, including those that deal in virtual currency, and the Canada Revenue Agency (CRA) publishes tax guidance for crypto-assets. The Canadian Anti-Fraud Centre (CAFC) takes fraud reports.

• Official registers list what a business is registered to do
• Regulators publish warnings for the public
• A qualified professional can advise on your own case
• Canada in detail: the Alberta Securities Commission (ASC) (Alberta), FINTRAC, the CRA and the Canadian Anti-Fraud Centre