Analysis of the Legal Regulation of Digital Rights Turnover in Canada

Abstract

Within the frameworks of this article, the authors launched to analyze the system of regulatory legal acts of Canada regulating the civil transactions of digital rights. Conducting a comparative study of key concepts, the authors find that Canadian legislation has a different approach to the definition of the term "digital rights" to this adopted in Russia. In this regard, the article touches the issues of the formation and further development of legal regulation of digital assets. The authors conclude that Canadian legislation is one of the most tolerant to cryptocurrency in the world, not recognizing it as a currency, nevertheless allowing it`s use as a mean of payment. At the same time, the authors conclude that the Government of Canada is taking significant measures to prevent the use of cryptocurrencies and investment platforms for money laundering, terrorist financing and other illegal activities. The authors investigate the criteria for classifying crypto assets as securities by the Canadian regulator, the requirements of the legislator for the registration of digital currency trading platforms. The results of the conducted research can serve as a basis for the development of proposals for further improvement of Russian civil legislation in terms of regulating the turnover of digital assets.