US money service rules bite on Canadian crypto exchange

Selva Ozelli, CPA is an international tax attorney who frequently writes about tax, legal and accounting issues for Tax Notes, Bloomberg BNA, other publications and the OECD. This article first appeared on The FCPA Blog (www.fcpablog.com)

Canada has emerged as one of the cryptocurrency and blockchain centres of the world, writes Selva Ozelli , but businesses cannot ignore regulation from across the border as recent US Department of Justice action makes all too clear.