Overview
- Federal Court compelled Dapper Labs to provide data on 2,500 users after the CRA narrowed an initial request covering about 18,000 accounts.
- The disclosure order targets an ascertainable user group for tax verification and does not accuse the company of wrongdoing.
- CRA cryptoasset audits have recovered roughly C$100 million over three years, yet the agency reports no crypto-related criminal charges since 2020.
- The CRA cites anonymity, cross-border platforms and limited investigative resources as key obstacles to building prosecutable cases.
- Regulators stepped up penalties in 2025, including a record near‑C$177 million fine and C$19.5 million against KuCoin, as Ottawa plans a financial crimes agency by spring 2026 and prepares to adopt the OECD Crypto‑Asset Reporting Framework in 2026.