Canada Crypto Regulation Timeline

Key dates for Canadian crypto regulation: OSC registration decisions, enforcement outcomes, FINTRAC penalties and the Stablecoin Act.

1. 29 Mar 2021OSC

   OSC Tells Crypto Platforms to Register

   Platforms must contact OSC staff to begin registration or face enforcement action.

   Source: OSC official

2. 19 Aug 2021OSC

   Coinberry

   Most recent OSC document for Coinberry Limited (Coinberry) (Restricted Dealer (Dealer)).

   Source: Source official

3. 21 Dec 2021OSC

   CoinSmart

   Most recent OSC document for Simply Digital Technologies Inc. (carrying on business as CoinSmart) (Restricted Dealer (Dealer and Marketplace)).

   Source: Source official

4. 25 Apr 2022OSC

   Bitvo

   Most recent OSC document for Bitvo Inc. (Restricted Dealer (Dealer)).

   Source: Source official

5. 21 Jun 2022Tribunal

   KuCoin

   Capital Markets Tribunal (default decision): permanent bans from Ontario's capital markets, an administrative penalty of C$2,000,000 and costs of C$96,550.35, for trading without registration and distributing securities without a prospectus.

   Source: Source official

6. 22 Jun 2022Tribunal

   Bybit

   Settlement approved by the Capital Markets Tribunal: Bybit disgorged US$2,468,910 and paid C$10,000 in costs, and undertook to accept no new Ontario accounts while registration discussions continue and to wind up its Ontario operations if they fail.

   Source: Source official

7. 12 Oct 2022Tribunal

   OKX

   Settlement approved by the Capital Markets Tribunal: administrative penalty of C$600,000, disgorgement of US$514,950 and costs of C$25,000; undertakings include no new accounts for Ontario residents.

   Source: Source official

8. 18 Jan 2023OSC

   Fidelity Digital Assets

   OSC decision: Fidelity Digital Asset Services, LLC.

   Source: Source official

9. 24 Mar 2023OSC

   ByteX

   Most recent OSC document for ByteX Financial Ltd. Et al operating as ByteX (Pre-Registration Undertaking).

   Source: Source official

10. 24 Mar 2023OSC

    CatalX

    Most recent OSC document for CatalX CTS Ltd. operating as CatalX (Pre-Registration Undertaking).

    Source: Source official

11. 24 Mar 2023OSC

    DigiFinex

    Most recent OSC document for DigiFinex Canada Limited et al operating as DigiFinex (Pre-Registration Undertaking).

    Source: Source official

12. 24 Mar 2023OSC

    Gemini

    Most recent OSC document for Gemini Trust Company, LLC et al operating as Gemini (Pre-Registration Undertaking).

    Source: Source official

13. 27 Mar 2023OSC

    Uphold

    Most recent OSC document for Uphold Worldwide Ltd. et al operating as Uphold (Pre-Registration Undertaking).

    Source: Source official

14. 23 Jun 2023OSC

    Wealthsimple

    Most recent OSC document for Wealthsimple Digital Assets Inc. (Restricted Dealer (Dealer)).

    Source: Source official

15. 14 Sep 2023OSC

    Hibit

    Most recent OSC document for Hibit Technology Ltd. (Restricted Dealer (Dealer)).

    Source: Source official

16. 6 Oct 2023OSC

    Netcoins

    OSC amended decision: Netcoins Inc. (Netcoins).

    Source: Source official

17. 18 Dec 2023OSC

    Wealthsimple

    OSC decision: Wealthsimple Investments Inc..

    Source: Source official

18. 3 Apr 2024OSC

    Coinbase

    OSC decision: Coinbase Canada Inc..

    Source: Source official

19. 7 May 2024FINTRAC

    Binance

    FINTRAC administrative monetary penalty of C$6,002,000.00 on Binance Holdings Limited.

    Source: Source official

20. 30 May 2024OSC

    Coinsquare (Bitbuy)

    Most recent OSC document for Bitbuy Technologies Inc. (Bitbuy) (Restricted Dealer (Dealer and Marketplace)).

    Source: Source official

21. 6 Aug 2024OSC

    CSA Ends Interim Approach

    The CSA stops accepting new pre-registration undertakings; new platforms apply directly to CIRO.

    Source: OSC official

22. 11 Oct 2024OSC

    Coinsquare (Bitbuy)

    OSC decision: Coinsquare Capital Markets Ltd., also carrying on business as Bitbuy.

    Source: Source official

23. 3 Dec 2024OSC

    Circle (USDC)

    Issuer undertaking to the CSA for USDC.

    Source: Source official

24. 19 Dec 2024OSC

    Ndax

    OSC decision: Ndax Canada Inc..

    Source: Source official

25. 8 Jan 2025OSC

    Shakepay

    OSC decision: Shakepay Inc..

    Source: Source official

26. 17 Jan 2025OSC

    Cybrid

    OSC decision: Cybrid Canada Inc..

    Source: Source official

27. 30 Jan 2025OSC

    VirgoCX

    Most recent OSC document for VirgoCX (Restricted Dealer (Dealer)).

    Source: Source official

28. 1 Apr 2025OSC

    Kraken

    OSC decision: Payward Canada Inc. and Payward, Inc. (operating as Kraken).

    Source: Source official

29. 8 May 2025OSC

    Crypto.com

    OSC decision: Foris DAX CAN ULC, Foris DAX Limited and Foris Holdings US, Inc. (operating as Crypto.com).

    Source: Source official

30. 28 Jul 2025FINTRAC

    KuCoin

    FINTRAC administrative monetary penalty of C$19,552,000.00 on Peken Global Limited.

    Source: Source official

31. 29 Sep 2025OSC

    Netcoins

    OSC amended decision: Netcoins Inc. (Netcoins).

    Source: Source official

32. 16 Oct 2025FINTRAC

    Cryptomus

    FINTRAC administrative monetary penalty of C$176,960,190.00 on Xeltox Enterprises Ltd..

    Source: Source official

33. 20 Nov 2025FINTRAC

    MoonPay

    FINTRAC administrative monetary penalty of C$536,853.35 on MP Technology Services Ltd..

    Source: Source official

34. 20 Nov 2025OSC

    QCAD

    Issuer undertaking to the CSA for QCAD Tokens.

    Source: Source official

35. 22 Dec 2025OSC

    Wealthsimple

    OSC amended decision: Wealthsimple Investments Inc..

    Source: Source official

36. 24 Feb 2026OSC

    APX

    OSC amended decision: APX Inc. (Crypto-backed lending platform (OSC Launchpad)).

    Source: Source official

37. 25 Mar 2026OSC

    Newton

    OSC amended decision: Newton Crypto Ltd..

    Source: Source official

38. 26 Mar 2026Law

    Stablecoin Act: Royal Assent

    Enacted by section 600 of S.C. 2026, c. 3; provisions start on a date fixed by order.

    Source: Justice Laws official

39. 1 Apr 2026OSC

    Coinbase

    OSC amended decision: Coinbase Canada Inc..

    Source: Source official

40. 9 Apr 2026OSC

    Shakepay

    OSC decision: Shakepay Credit Inc. (Crypto-backed lending platform).

    Source: Source official

41. 14 Apr 2026OSC

    Fidelity Digital Assets

    OSC decision: Fidelity Clearing Canada ULC (Fidelity Digital Assets).

    Source: Source official

42. 17 Jun 2026OSC

    Webull

    OSC decision: Webull Canada Crypto Limited.

    Source: Source official

43. 6 Jul 2026OSC

    Satstreet

    OSC decision: Satstreet Inc..

    Source: Source official

44. 30 Jul 2026OSC

    Zerohash

    OSC decision: zerohash llc (Immediate delivery VRCA-trading platform).

    Source: Source official

45. 18 Aug 2026OSC

    Crypto.com

    OSC amended decision: Foris DAX CAN ULC, Foris DAX Limited and Foris Holdings US, Inc. (operating as Crypto.com).

    Source: Source official

46. 18 Aug 2026OSC

    Kraken

    OSC amended decision: Payward Canada Inc. and Payward, Inc. (operating as Kraken).

    Source: Source official

47. 18 Aug 2026OSC

    Ndax

    OSC amended decision: Ndax Canada Inc..

    Source: Source official

48. 18 Aug 2026OSC

    Wealthsimple

    OSC amended decision: Wealthsimple Investments Inc..

    Source: Source official

49. 16 Sep 2026OSC

    Netcoins

    OSC amended decision: Netcoins Inc. (Netcoins).

    Source: Source official

50. 9 Oct 2026OSC

    Coinsquare (Bitbuy)

    OSC amended decision: Coinsquare Capital Markets Ltd., also carrying on business as Bitbuy.

    Source: Source official