canada

Hey everyone, just saw the latest report on the CRA's crypto audits, and it’s a big wake up call.
Canada's tax authority is cracking down. A specialized CRA team has recovered over C$100M from 230+ crypto files. They estimate 40% of crypto users are high risk for non compliance. Expect stricter reporting soon keep your detailed records!
They estimate 40% of Canadian crypto users are high risk for tax evasion. That's a huge number. They’ve already clawed back over $100 MILLION using a small, specialized audit team (35 people).
The scariest part? They got a court order to force companies like Dapper Labs to hand over user data (narrowed down to 2,500 accounts, but still!). The anonymity we rely on is clearly being breached.
The Warning: If you have capital gains, staking rewards, or NFT earnings, you must have detailed records. They are admitting the cross border nature makes criminal charges hard, so they are going after the money through audits and data sharing agreements. Expect massive incoming regulation soon. Get your books in order now before a letter hits your mailbox.
#CryptoNews #cryptotax #Canada #TaxEvasion #TrendingTopic

The Canadian Tax Agency (CRA) has pulled in over $100 million CAD from crypto audits in the last three years — yet not a single criminal charge has been filed since 2020.
A massive win for tax recovery… but a major signal of enforcement weakness.
🔍 Key Highlights
🔥 35-member crypto audit team
Handled 230+ cases, targeting high-risk and undeclared crypto users.
⚠️ 40% of Canadian crypto users
Either did not declare taxes or pose serious compliance risks.
🔎 CRA admits a major problem:
They still struggle to identify taxpayers accurately in the crypto space.
📂 Court Orders Issued
CRA demanded user data from NFT giant Dapper Labs — originally 18,000 users, narrowed to 2,500 after negotiations.
💼 This is only the second time in history a Canadian court forced a crypto company to share large-scale user data (first was Coinsquare in 2020).
🧭 What It Means
Canada is tightening its grip on crypto taxation.
Enforcement remains limited, but data collection is expanding fast.
More crypto platforms may face similar court orders in 2026.
Crypto tax transparency is entering a new era — quietly, but powerfully.
#CryptoNews #Canada #tax

Q: How is #Canada ’s largest globally systemically important bank investing in bitcoin?
A: Royal Bank of Canada grew its bitcoin exchange-traded product (ETP) position from 35,000 to 1.47 million shares, a 4,104 percent increase, while dollar exposure increased to $102 million, representing an increase of 4,363 percent. Additionally, RBC increased its Strategy (MSTR) share position by 561 percent, taking dollar exposure to $504 million, making it one of the largest Canadian bank bitcoin proxy positions.

Q: Beyond exchange-traded funds #etf 's, how are Canadian institutions engaging with other digital assets?
A: The Canada Pension Plan Investment Board (CPPIB) added 393,322 shares of Strategy (MSTR) valued at $127 million. This marks a milestone as the first major Canadian pension fund to gain bitcoin exposure indirectly through MSTR.

Q: What are notable third-quarter #2025 developments?
A: Harvard University's endowment expanded its iShares Bitcoin Trust position sharply in Q3 2025, rising from 1.91 million shares to 6.81 million — a 258 percent increase, representing $443 million.
Combined United Arab Emirates sovereign exposure hit $1.08 billion. This is the fourth-largest global holder after U.S. institutions. Al Warda Investment RSC Ltd. significantly expanded its iShares Bitcoin Trust by 230 percent to 7.96 million shares, totaling $518 million. Mubadala Investment Corporation added a new position valued at $567 million.
Looking ahead, expected rate cuts and maturing ETP infrastructure mark the definitive transition of bitcoin from speculative asset to institutional reserve component. The combination of regulatory clarity, sovereign fund deployment, and endowment participation sets up a foundation for sustained institutional adoption.
Sources: SEC filings, Nasdaq, FactSet.

Source: Binance News / Bitdegree / #CoinDesk / Coinmarketcap / Cointelegraph / Decrypt

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$BTC
🇨🇦INSTITUTIONS ARE USING SAYLOR'S STRATEGY AS THEIR GATEWAY TO $BTC 💥

#BTC #Binance #Canada

This news about the National Bank of Canada (Canadian Bank) investing US$ 273 million in shares of MicroStrategy (MSTR) — which gives it indirect exposure to Bitcoin — has generated quite a stir.

📰 What is being reported — The National Bank of Canada's investment in MicroStrategy

According to several recent reports, the National Bank of Canada acquired

1.47 million shares of MicroStrategy
, for a total estimated value of
US$ 273 million
.

This operation would give the bank an indirect exposure to Bitcoin — since MicroStrategy's structural strategy is to buy and hold BTC on its balance sheet.