Key Insights:
Crypto payment gateways are legal to use in Canada, but require strict regulatory oversight.
The CRA mandates that merchants record fair market prices for every transaction.
Payment infrastructure companies are becoming popular in Canada. That’s due to increasing interest in sablecoins, Lightning payments, and cross-border settlement services.
Crypto payments are continuing to pick up steam across Canada. Businesses leverage digital assets to enable faster, cheaper global transactions. Most Canadian merchants still use fiat currency for settlement. Despite that, the use of stablecoins and Bitcoin is becoming common across a variety of industries.
Canada permits businesses to accept crypto payments legally. However, companies must adhere to existing money laundering and tax rules. The Canada Revenue Agency views crypto payments as property.
It is a federal department responsible for administering tax laws and collecting taxes. The CRA requires businesses t
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