Crypto
Regulatory Changes, Crackdowns Impact: Cryptocurrency 2024
Explore the impact of the regulatory changes and the crackdowns on the cryptocurrency 2024
While we are witnessing a century-long investment evolution and the rise of modern instruments, most of the investments remain in real estate, commodities, bank deposits, and stocks.
Furthermore, the advances in technology are providing new digital features that can now be expanded, which is making marked changes. That is mainly the case with cryptocurrencies claiming the limelight and popularity while still being used and most recognized for investment. Now, skepticism on cryptocurrency advent moves into the front line, and the risks this development may struggle may even outlast this trend. Concurrently, they have also generated visible sectors in cryptocurrency, including the increasing profit levels in Bitcoin and Ethereum, respectively, where the market is in vibrant competition in the Indian scene.
Furthermore, the G20 summit, which the Indian government co-hosted, published a professional document where the national interest of many countries in various types of digital currency has been demonstrated. Even though the original method of payment has not yet been forgotten, it is expected that the official usage of digital currency will increase in many countries. Hence, it is unethical for businesses to sidestep this action. Asia had shown up in India, flying at the sixth slot with respect and crypto technology, all to prove that the Indian flag was floating in the sky.
While the rosy side of digital assets is typically scorned and often connected with miracles, the mass media should give more comprehensive coverage to their downsides, especially cryptocurrencies’ risks of fraud, money laundering, market manipulation, and security, not to mention the potential use of crypto in criminal activities.
Thus, this kind of tool can be avoided only through rules and regulators who should do it the hard way. This is the exact purpose of this provision; therefore, the directors are on a mission to develop and strengthen investor confidence that will ignite a secure and stable cryptocurrency market.
For instance, individual investors have assets under the management of the SEC, which they invest in stocks and cyber currencies. Virtual currencies and security investors portray unprecedented revenue and have captured the interests of numerous current big investors as well as prospective sources of income in the future. Among additional tasks, the SEC enforces securities regulations. It creates a fair and safe environment so that all U.S. investors can participate actively in securities markets, which is the role of the SEC.
Concerning the traditional security approach, a highly controversial topic of cryptocurrency regulation has aroused discussion, and the SEC has been taking a series of significant steps to regulate the market. It is seeking to design future crypto regulations. In this regard, the same procedures emphasizing stability are then implemented to curb these fluctuations and maintain the safety of both the national economic units of individuals and their markets. It is important to note that the same point can be extended to blockchain technology users in general, who should understand what advantages they gain by making their investments in cryptos and what they need to be attentive to before making the investments by the end of this section.
WASHINGTON (7News) — Recent positive economic indicators have come out like a lower-than-expected January inflation rate and a strong jobs report. Financial expert Ric Edelman explained the resilience of the economy and what’s going on with cryptocurrency.
“It’s proving to be surprisingly resilient. The jobs data was very good that just came out, unemployment rate remains low. Interest rates are stable and hopefully coming down. Overall, consumer prices are doing okay as well,” said Eldelman.
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“A lot of folks have been widely fearing a recession. It doesn’t seem to be in sight at any moment, but there are continuing concerns: the tariffs, global economics. And in fact, if you look closely at the jobs data, almost all the jobs created in this last report were in the healthcare sector, which doesn’t spell well for the overall economy, just that one sector. So there is some weakness, and this is why investors remain a little bit nervous,” said Eldelman.
Younger Americans are buying Bitcoin and other cryptocurrencies, seeing it as a path to the American dream.
“This particular crypto winter, as it’s called. It’s the ninth time Bitcoin has fallen this much. Came out of nowhere, and it surprised everybody, including me,” said Eldelman.
“We basically are seeing a tale of two cities. On the one hand, prices are down dramatically over the past couple of months. They may fall even further yet. But if you look beyond the numbers at the fundamental growth and development of the technology, it’s all looking really very exciting.”
For investors, Eldelman had the following advice:
This is a period of extreme uncertainty… And for that reason, you should do two things. Number one, continue invest slowly but steadily. In other words, not a single lump sum, but invest a little bit every month on a regular basis. And second, stay focused on 10 years from now, not 10 days from now.
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Financial expert Ric Edelman has the latest economic outlook (7News).{ }
Toronto, ON, Feb. 12, 2026 (GLOBE NEWSWIRE) — As cryptocurrency adoption continues to expand among investors on both sides of the border, understanding the tax treatment of digital assets has become increasingly important. Cardinal Point Wealth Management has published a new educational blog post, How the Canada Revenue Agency Taxes Cryptocurrency, offering timely guidance on how crypto transactions are treated under Canadian tax law and what investors need to know to remain compliant.
Understanding CRA’s Approach to Cryptocurrency
The article provides a clear overview of how the Canada Revenue Agency (CRA) classifies cryptocurrency, including when crypto transactions may be treated as capital gains versus business income. It also explains how the CRA views cryptocurrency as a commodity rather than legal tender, a distinction that has important tax implications for investors.
Common Taxable Cryptocurrency Transactions
The blog outlines several common taxable events involving cryptocurrency, including trading digital assets, selling cryptocurrency for fiat currency, mining activities, and using cryptocurrency to purchase goods or services. With enforcement and reporting scrutiny increasing, the post emphasizes the importance of maintaining accurate transaction records and understanding reporting obligations.
Cross-Border Considerations for Canada–U.S. Investors
For individuals with financial ties to both Canada and the United States, cryptocurrency taxation can be especially complex. Differences between CRA and IRS treatment, reporting requirements, and potential double-tax exposure can create unexpected liabilities. Cardinal Point’s blog highlights the importance of coordinated tax and financial planning for cross-border investors navigating the evolving digital asset landscape.
Key Takeaways
- Cryptocurrency is taxable in Canada, and its treatment depends on the nature of the transaction
- Trading, selling, mining, and spending cryptocurrency may trigger tax obligations
- Recordkeeping is critical to remain compliant with CRA reporting requirements
- Cross-border investors face added complexity and should seek integrated planning advice
The full blog post is available here:
https://cardinalpointwealth.com/2026/01/28/how-the-canada-revenue-agency-taxes-cryptocurrency/
About Cardinal Point Wealth Management
Cardinal Point Wealth Management provides integrated financial, tax, and estate planning services for individuals and families with financial ties to Canada and the United States. The firm specializes in helping clients navigate complex cross-border financial matters and is a recognized leader in cross-border wealth management and Canada U.S. financial planning,
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: Cardinal Point Wealth Management, ULC
Contact Person: Kris Rossignoli, Senior Private Wealth Manager
Email: info@cardinalpointwealth.com
Country: USA
Website: www.cardinalpointwealth.com
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