Distributed ledger technologies including blockchain and other digital assets are reshaping the global business landscape and the potential of cryptoassets is being felt across many sectors, ranging from financial services, capital markets, real estate, intellectual property, corporate transactions and much more.
Investor interest in digital assets has also risen dramatically as Bitcoin, Ethereum and other cryptocurrencies have emerged as an alternative asset class delivering extraordinary returns over the last decade. Recent developments, such as increased institutional participation, approval of the first publicly-traded ETFs by Canadian securities regulators, and the popularity of stablecoins and non-fungible tokens (NFTs) signals continued positive momentum for the sector.
While opportunities in this space are limitless, the risks are complex and constantly changing, even for well established “cryptonatives”. Participants must navigate complex and evolving rules and regulations in Canada, which can be particularly challenging as the fast-paced nature of the digital asset landscape is outpacing the corresponding regulatory frameworks.
Having experienced legal counsel with its fingers on the pulse of the digital asset ecosystem is crucial to navigating this evolving space.
Osler’s Digital Assets and Blockchain team advises early-stage and established digital asset clients, including trading and lending platforms, investment managers, software developers and institutional investors in the Canadian digital asset markets. We apply rigorous analysis with respect to Canadian securities laws and AML/ATF regulation to digital asset products and services, and develop strategies to help participants maximize opportunities and respond to emerging trends.
The regulatory treatment of cryptoassets is also evolving, and we leverage our extensive network of industry experts, participation in industry associations and positive working relationships with governmental authorities to advocate for you and guide you on how to create, trade, hold and manage cryptoassets in a manner that aligns with applicable law and current regulatory interpretations. In the event that disputes arise, Osler’s leading litigation team has expertise in digital asset issues to assist clients in resolving contentious matters.
Our multidisciplinary team of experts is well-equipped to answer your questions surrounding the legal impacts of this technology and other digital assets. In particular, Osler advises market participants on:
- Cryptocurrency trading and investing,
- Regulation of virtual currency dealers and crypto asset trading platforms,
- Tokenized business models,
- Cryptocurrency derivatives and related financial instruments
- Deployment of blockchain technology
- Enforcement investigations and proceedings and litigation.
The depth of our advice and service draws on a multidisciplinary approach across Osler teams. Clients can access our extensive experience in FinTech, Emerging & High Growth Companies, Securities Regulatory, Financial Services Regulatory, Commercial/Technology, Litigation, Tax and Privacy.