--- title: "New Brunswick, Canada Crypto Regulation Monitor | cryptoassets.gi" canonical: https://cryptoassets.gi/jurisdictions/new-brunswick-canada/ source_html: /jurisdictions/new-brunswick-canada/index.html description: "New Brunswick, Canada crypto asset regulation: 7 categories, 36 sourced findings, updated 2026-10-25." generated_at: 2026-11-07T14:19:44Z content_sha256: 8b8fa5631f409f0d3c07e5ff1a4f16e11c9d4b3744b38e2f26629f866da6ec13 generator: "fe-fleet/md-twin@1.0" --- # New Brunswick, Canada Crypto & Digital Asset Regulation schema crypto-v2.0.0 trajectory: not yet assessed in transition overlaps: [Sentinel (AML/CFT)](https://sentinel.gi/jurisdictions/new-brunswick-canada/), [World Payments](https://payments.gi/jurisdictions/new-brunswick-canada/) Last updated 2026-10-25 · 7 categories · 36 sourced findings · 21 sources in the cumulative register Download report (PDF) Expand all Evidence re-verified: 2026-10-25 · Position last changed: 2026-10-25 · Record history & provenance ▾ Methodology & record provenance: Module confidence is derived from the underlying claims (source tier and primary excerpt retention), while statutory legal force is tracked independently. Review status: AI-synthesised · Tier-1/2 verified · As-of date: 2026-10-26 [Open in Co-Pilot ↗](/reports/?type=copilot&j=NEW-BRUNSWICK-CANADA)[Build Report](/reports/?j=NEW-BRUNSWICK-CANADA)[Compare](/compare/?j=NEW-BRUNSWICK-CANADA) Framework posture In transition 7 of 9 modules populated · AI-synthesised · Tier-1/2 verified Lead supervisory authority The Block Primary statutory & supervisory perimeter Next milestone (> 2026-10-26) 2026-Q4 RPAA tokenized-payment-instrument scope amendment pending order-in-council Module coverage & confidence 7 / 9 modules assessed 0 Confirmed · 7 Probable · 0 Uncertain · 2 Not yet assessed 7 Categories 0 Moved this cycle 0 Key judgments 3 Open gaps 36 Findings 2 Tier-1 sources Confidence mix 7 unpopulated (sums to 7 rendered categories; click to filter) No categories moved this cycle. Canada federal law that applies in New Brunswick, Canada is covered once, on the [Canada](/jurisdictions/canada/) page. This page covers New Brunswick, Canada’s own layer: its own law, regulators and enforcement. ## Jurisdiction lead brief ###### Latest update · 25 October 2026 #### Lead Signal New Brunswick's crypto regulatory posture tightened on two parallel tracks. First, the Financial and Consumer Services Commission of New Brunswick (FCNB) now operates under a strengthened enforcement toolkit following amendments to the Securities Act that received Royal Assent on 2025-12-12, raising fines and administrative penalties and adding whistleblower protections applicable to FCNB-regulated crypto registrants. This applies to the existing pan-Canadian, CSA-coordinated framework under which crypto asset trading platforms holding cryptocurrencies on behalf of clients must register with FCNB as securities-law entities. Second, at the federal level, Canada's Stablecoin Act, enacted via Bill C-15 with Royal Assent on 2026-03-26, designates the Bank of Canada as supervisor of fiat-backed stablecoin issuers, though the Act is not yet in force and full implementation is anticipated in 2027. #### Other Developments Stablecoin reserve requirements. The Stablecoin Act requires issuers to fully back every stablecoin 1:1 with high-quality liquid assets such as government-backed securities, and mandates registration in a public registry maintained by the Bank of Canada before any stablecoin may be issued to Canadians. These obligations apply directly to any issuer based in or serving New Brunswick residents once the regulations implementing the Act are finalised. Securities Act enforcement strengthening. The December 2025 amendment to the New Brunswick Securities Act is a provincial-level hardening of the enforcement toolkit available against FCNB-registered crypto platforms, running in parallel with, rather than in place of, the pan-Canadian classification approach under which crypto assets are treated as securities or derivatives via a case-by-case functional test rather than a fixed statutory taxonomy. #### Cross-Monitor Connections The Stablecoin Act's Bank of Canada supervisory mandate is a shared finding with the Financial Integrity Monitor, which independently tracks the same enactment under its D5 (Crypto, Digital Assets, and Financial Innovation) domain, and with the World Payments Monitor, whose W2 (Stablecoins & Digital Money) tracker is the subscribed downstream surface for this development. AML/CFT obligations for New Brunswick crypto registrants are tracked separately by the Financial Integrity Monitor and are not re-analysed here. #### Outlook The concrete milestone to track is publication of the Stablecoin Act's detailed regulations, expected within twelve to eighteen months of Royal Assent, with full implementation anticipated in 2027. On the provincial side, whether FCNB uses its newly strengthened enforcement toolkit against any crypto registrant in the coming cycles would corroborate the tightening trajectory identified. 1 earlier update not shown here. ###### Standing brief · as of 25 August 2026 Written before the update above. Where they differ, the update is the more recent position. #### Lead Signal Canada's federal crypto and digital-asset architecture tightened materially this cycle across four distinct fronts, all applicable to CA-NB through the national FINTRAC registration and CIRO/CRA oversight perimeter given the absence of any province-specific carve-out. FINTRAC has revoked approximately 50 money-services-business registrations in 2026, 47 of them crypto-linked, including a single coordinated action revoking 23 registrations at once, marking an active enforcement wave against virtual-currency exchange and transfer businesses that must otherwise register with FINTRAC as an MSB or Foreign MSB before commencing operations. In parallel, the federal Stablecoin Act received Royal Assent in 2026, with the Bank of Canada now the primary supervisor of stablecoin issuers under a regime requiring one-to-one high-quality-liquid-asset backing and prohibiting interest-bearing stablecoin products. #### Other Developments Crypto licensing enforcement intensified through FINTRAC's 2026 revocation wave, though the aggregate figures rest on trade-press reporting not yet independently confirmed against a primary FINTRAC register this cycle; the underlying registration requirement itself, that virtual-currency exchange and transfer businesses serving Canadian clients must register with FINTRAC as an MSB or Foreign MSB before commencing operations, remains a settled, in-force baseline. The stablecoin regime moved from enabling statute toward supervised practice this cycle: the Stablecoin Act's Royal Assent establishes the Bank of Canada's supervisory perimeter and the one-to-one reserve-backing and no-interest requirements, though the precise phase-in schedule for full implementation has not yet been independently confirmed against bill or regulation text. Consumer protection in the custody space advanced through CIRO's Digital Asset Custody Framework, which requires segregated wallets and strengthened custody, governance and cybersecurity controls for registered crypto trading platforms; this framework has been in force since 2026-02-03. Tax treatment shifted structurally with Canada's adoption of the OECD Crypto-Asset Reporting Framework via Income Tax Act amendments effective 2026-01-01; crypto-asset service providers face their first CARF filings in 2027, meaning the reporting obligation is now in force even though the practical filing cycle has not yet occurred. #### Cross-Monitor Connections The AML/CFT dimension of this cycle's developments, including FINTRAC's institutional enforcement posture and the PCMLTFA/PCMLTFR framework underlying the MSB registration requirement, is tracked by the financial-integrity monitor under its own domain coverage rather than analysed here; this monitor's aml_cft_regime module is a render-only subscriber to that coverage this cycle. The world-payments monitor separately tracks Canada's Consumer-Driven Banking Act and proposed regulations, a parallel federal open-banking reform track proceeding alongside the crypto and stablecoin architecture described above. #### Outlook The near-term markers to watch are the pace and register-verifiability of further FINTRAC crypto-MSB revocations, and the publication of implementing detail for the Stablecoin Act's phase-in, both of which this cycle's assessment could not fully confirm against primary sources. On the tax side, the first CARF filings due in 2027 will be the concrete test of whether the reporting obligation that took effect 2026-01-01 translates into practical compliance activity. Because CA-NB sits entirely within this federal registration, supervisory and reporting perimeter, with no province-specific variance identified, New Brunswick-based crypto-asset businesses should expect these four fronts, licensing enforcement, stablecoin supervision, custody-control standards and tax reporting, to apply on the same terms as elsewhere in Canada. Read full brief · 930 words Key regulatory facts for New Brunswick, Canada Regulatory Dimension New Brunswick, Canada Standing Position Jurisdiction New Brunswick, Canada (CA-NB) Regulatory Scope Crypto & Digital Asset Regulation (7 modules, 36 sourced findings) Crypto Licensing New Brunswick has no bespoke crypto-asset statute. Token Classification New Brunswick applies the national CSA approach to token classification: whether a crypto asset is itself a security (or subject to an investment contract when combined with a trading platform's services) is assessed... On-Chain Activity Regime New Brunswick has no bespoke on-chain-activity regime for staking, DeFi lending, mining, node operation, or validator activity. Stablecoin Regime Canada does not yet have finalized, enacted stablecoin legislation applicable in New Brunswick. Primary Instruments Cited The Block, CoinDesk, CoinDesk, FCNB registered crypto-asset trading platform list, FCNB Last Confirmed / Updated 2026-10-25 (21 sources in cumulative register) 7 of 7 categories Signal Moved Judgment Gap Density Comfortable Compact Expand all sources Reset all Selections OR within a group, AND across groups. Press / to search. ### New Brunswick, Canada: C1 Crypto LicensingAmberEnacted in forceModule confidence: Probable▾ New Brunswick has no bespoke crypto-asset statute. Crypto trading platforms serving NB residents fall under the province's Securities Act as administered by the Financial and Consumer Services Commission of New Brunswick (FCNB), a member of the multi-jurisdictional Canadian Securities Administrators (CSA) passport system. The operative regime is built on CSA staff notices and company-specific exemption/registration orders rather than dedicated digital-asset legislation: platforms must obtain 'restricted dealer' or interim marketplace registration, or file a pre-registration undertaking (PRU) with enhanced investor-protection commitments while their registration is processed. This is a transitional, notice-driven regime rather than a finalized statutory licensing framework. #### Crypto Licensing Virtual-currency exchange and transfer businesses serving Canadian clients must register with FINTRAC as a money-services business or Foreign MSB before commencing operations, a federal requirement that applies uniformly to CA-NB with no province-specific variance identified. This cycle is dominated not by a change to that registration requirement itself but by an active enforcement wave: FINTRAC has revoked approximately 50 MSB registrations in 2026, of which 47 are crypto-linked, including a single coordinated action revoking 23 registrations at once. These aggregate figures rest on trade-press reporting that has not yet been independently checked against FINTRAC's primary register this cycle, and should be read as assessed rather than confirmed. The registration route itself remains stable; what has shifted is enforcement intensity. #### Outlook The pace and register-verifiability of further crypto-MSB revocations is the concrete marker to watch; independent confirmation of the revocation count against FINTRAC's primary register in a future cycle would materially raise confidence in this module's assessment. For CA-NB-based virtual-currency businesses, the practical implication of this cycle is that the underlying federal registration obligation is unchanged, but the enforcement environment around it has become measurably more active. Read full sub-brief · 188 words Periodic update · new data 2026-10-25 #### Crypto Licensing Crypto asset trading platforms that hold cryptocurrencies on behalf of clients in New Brunswick are subject to the province's securities legislation and must register with the Financial and Consumer Services Commission of New Brunswick (FCNB), applying the Canadian Securities Administrators' coordinated pan-Canadian framework through the New Brunswick Securities Act. This registration pathway is confirmed and functional, and it is the sole licensing route for such platforms in the province; there is no bespoke NB crypto statute distinct from this securities-law approach. The licensing environment tightened materially: An Act to Amend the Securities Act received Royal Assent on 2025-12-12, increasing fines and administrative penalties and adding whistleblower protections applicable to FCNB-regulated crypto registrants. This strengthens FCNB's enforcement toolkit for the platforms already required to register, without changing the underlying registration requirement itself. The combination of a functioning, pan-Canadian registration pathway and a newly strengthened penalty and whistleblower regime is why this module carries an assessment reflecting active but still-developing enforcement infrastructure: the registration pathway is well-established, but the province lacks a dedicated crypto-specific statute, and its enhanced enforcement tools were only recently put in place. #### Outlook Whether FCNB deploys its newly strengthened enforcement powers, including the new whistleblower protections, against any New Brunswick crypto registrant in coming cycles is the concrete development to track. A first enforcement action under the amended Securities Act would test the practical reach of the December 2025 amendments. 1 earlier distinct update(s) Periodic update · new data 2026-09-14 #### Crypto Licensing Crypto asset trading platforms that hold cryptocurrencies on behalf of clients in New Brunswick are subject to the province's securities legislation and must register with the Financial and Consumer Services Commission of New Brunswick (FCNB), applying the Canadian Securities Administrators' coordinated pan-Canadian framework through the New Brunswick Securities Act. This registration pathway is confirmed and functional, and it is the sole licensing route for such platforms in the province; there is no bespoke NB crypto statute distinct from this securities-law approach. The licensing environment tightened materially this cycle: An Act to Amend the Securities Act received Royal Assent on 2025-12-12, increasing fines and administrative penalties and adding whistleblower protections applicable to FCNB-regulated crypto registrants. This strengthens FCNB's enforcement toolkit for the platforms already required to register, without changing the underlying registration requirement itself. The combination of a functioning, pan-Canadian registration pathway and a newly strengthened penalty and whistleblower regime is why this module carries an assessment reflecting active but still-developing enforcement infrastructure: the registration pathway is well-established, but the province lacks a dedicated crypto-specific statute, and its enhanced enforcement tools were only recently put in place. #### Outlook Whether FCNB deploys its newly strengthened enforcement powers, including the new whistleblower protections, against any New Brunswick crypto registrant in coming cycles is the concrete development to track. A first enforcement action under the amended Securities Act would test the practical reach of the December 2025 amendments. 1 further periodic run re-emitted the standing brief unchanged and is not shown. Sources and findings (10) - T4[The Block](https://www.theblock.co/linked/100245/canadian-securities-regulators-clarify-framework-for-crypto-platforms) — CSA guidance provides an interim, time-limited registration framework under which crypto asset trading platforms may register as 'restricted dealers' or restricted marketplaces provided they do not offer leverage or margin, with an expectation of transitioning to a long-term registration solution. - T3[CoinDesk](https://www.coindesk.com/policy/2023/02/22/canadian-crypto-trading-platforms-face-enhanced-rules-under-new-regulations) — Unregistered crypto trading platforms operating in Canada, including those serving New Brunswick clients, must file an enhanced pre-registration undertaking (PRU) committing to custody segregation, a ban on margin/leverage, and a ban on offering stablecoins without CSA permission while pursuing full registration; platforms that cannot or will not comply are expected to exit the Canadian market. - T3[CoinDesk](https://www.coindesk.com/policy/2026/07/28/coinbase-wants-to-be-canada-s-everything-exchange-but-says-clearer-rules-are-needed-first) — Canada's crypto trading platform oversight, including in New Brunswick, continues to rely on regulatory staff notices and company-specific exemption orders rather than a bespoke legislative framework designed specifically for digital assets, a gap industry participants say limits more sophisticated product launches. - T1[FCNB registered crypto-asset trading platform list](https://fcnb.ca/en/investing/high-risk-investments/crypto-assets-and-cryptocurrency/registered-crypto-asset-trading-platforms) — The FCNB-published list of registered crypto-asset trading platforms for New Brunswick includes Coinbase Canada Inc. (Restricted Dealer), Fidelity Clearing Canada ULC/Fidelity Digital Assets (Investment Dealer), Newton Crypto Ltd. (Restricted Dealer) and Webull Canada Crypto Limited (Investment Dealer, registered 17 June 2026). - T1[FCNB](https://fcnb.ca/en/investing/high-risk-investments/crypto-assets-and-cryptocurrency/registered-crypto-asset-trading-platforms) — Crypto-asset trading platforms holding client crypto assets in custody must be registered with FCNB; unregistered platforms accepting NB clients are treated as operating unlawfully. - T1[FCNB](https://fcnb.ca/en/check-licence-and-registration/alerts-and-warnings) — FCNB maintains an active Caution List and publishes recurring investor alerts against unregistered crypto platforms soliciting NB residents. - T1[Financial and Consumer Services Commission (FCNB)](https://fcnb.ca/en/news-alerts/csa-provides-update-to-crypto-trading-platforms-operating-in-canada) — Crypto-asset trading platforms serving NB residents must be registered to deal or advise in securities/derivatives in NB, or operate under a CSA pre-registration undertaking (PRU); platforms that fail to deliver a PRU or cease operating face CSA enforcement options. - T1[FCNB](https://fcnb.ca/en/how-we-protect) — FCNB's enforcement toolkit against unregistered crypto platforms and individuals includes administrative penalties, disgorgement of profits, operating bans, registration restrictions and cease-trade orders; FCNB maintains an ongoing Caution List of unregistered crypto platforms. - T1[Financial and Consumer Services Commission (FCNB)](https://fcnb.ca/en/investing/high-risk-investments/crypto-assets-and-cryptocurrency/registered-crypto-asset-trading-platforms) — Crypto asset trading platforms that hold cryptocurrencies on behalf of NB clients are subject to securities legislation and must be registered with FCNB. - T1[Financial and Consumer Services Commission (FCNB)](https://fcnb.ca/en/news-alerts/caution-crypto-asset-trading-platforms) — Unregistered CTPs operating in New Brunswick that are non-compliant may be placed on the FCNB Caution List and subject to regulatory action including temporary orders. ### New Brunswick, Canada: C2 Token ClassificationAmberEnacted in forceModule confidence: Probable▾ New Brunswick applies the national CSA approach to token classification: whether a crypto asset is itself a security (or subject to an investment contract when combined with a trading platform's services) is assessed under a functional, substance-over-form test. Bitcoin and ether have been treated as non-security commodities for platform-registration purposes, while other tokens, including stablecoins, are subject to bespoke gatekeeping (CSA permission required to offer stablecoins). A proposed federal Stablecoins Act would layer a distinct payment-instrument classification for fiat-referenced stablecoins on top of the existing securities-law taxonomy. C2 · Token Classification — Full Module Record 0 sub-modules · 180 words · 6 traced claims · Re-verified 2026-10-25 The decision headline, regulatory posture (Amber), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month , or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products) . [Unlock with Free Pass / Sign In](https://a-i.gi/auth/login) [View Pro & Firm Plans (£39 / £199)](https://a-i.gi/licensing/#plans)[View Open Exemplar (Gibraltar)](/jurisdictions/gi/) ### New Brunswick, Canada: C3 On-Chain Activity RegimeAmberEnacted in forceModule confidence: Probable▾ New Brunswick has no bespoke on-chain-activity regime for staking, DeFi lending, mining, node operation, or validator activity. The only concrete national-level touchpoints are (i) CSA guidance permitting interim 'restricted dealer'/marketplace registration for platforms performing trading/marketplace functions without offering margin or leverage, and (ii) the Canadian Investment Regulatory Organization's (CIRO) 2026 Digital Asset Custody Framework, which sets tiered custody standards applicable to CIRO-regulated dealers' crypto holdings, including staked assets. Mining, DeFi lending, node operation, and validator activity remain unaddressed by any NB- or CSA-specific licensing instrument. C3 · On-Chain Activity — Full Module Record 0 sub-modules · 180 words · 3 traced claims · Re-verified 2026-10-25 The decision headline, regulatory posture (Amber), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month , or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products) . [Unlock with Free Pass / Sign In](https://a-i.gi/auth/login)[View Pro & Firm Plans (£39 / £199)](https://a-i.gi/licensing/#plans)[View Open Exemplar (Gibraltar)](/jurisdictions/gi/) ### New Brunswick, Canada: C4 Stablecoin RegimeRedEnacted in forceModule confidence: Probable▾ Canada does not yet have finalized, enacted stablecoin legislation applicable in New Brunswick. Budget 2025 committed to a federal Stablecoins Act, with the Bank of Canada named as administering regulator, requiring 1:1 reserves, redemption policies, and risk-management frameworks; associated amendments to the Retail Payment Activities Act are also planned. Pending enactment, the only concrete stablecoin-specific control is the CSA's requirement that registered/pre-registered trading platforms obtain CSA permission before offering stablecoins to Canadian clients. CAUTION: the federal Stablecoins Act remains in draft/proposed form and is not yet in force. Horizon · 2027 (± more than a year) Stablecoin Act regulations and coming-into-force Adopted, not yet in force · Tier 1 source Horizon · 2026-Q4 (± more than a year) RPAA tokenized-payment-instrument scope amendment pending order-in-council Adopted · Tier 3 source Periodic update · new data 2026-09-14 #### Stablecoin Regime Canada's federal Stablecoin Act, enacted via Bill C-15 with Royal Assent on 2026-03-26, designates the Bank of Canada as the supervisory authority over fiat-backed stablecoin issuers, a national-scope development applying directly to any stablecoin issuer based in or serving residents of New Brunswick. The Act requires issuers to register in a public registry maintained by the Bank of Canada before issuing stablecoins to Canadians, and mandates that every stablecoin be fully backed 1:1 with high-quality liquid assets such as government-backed securities. The Act is enacted but not yet in force; full regulations and the associated coming-into-force are expected roughly twelve to eighteen months after Royal Assent, with full implementation anticipated in 2027. This places the regime in a genuinely intermediate state: the legal authority for Bank of Canada supervision now exists, but the substantive registration and reserve obligations are not yet operative for any issuer, New Brunswick-based or otherwise. The Bank of Canada frames the objective as supporting safe innovation while protecting consumers and financial stability, indicating a registration-and-reserve model rather than a restrictive posture toward the asset class. #### Outlook The development to track is the publication of the Act's detailed implementing regulations and the confirmation of a coming-into-force date, both expected within the 2027 window. Until those regulations are finalised, no New Brunswick-linked stablecoin issuer faces an operative registration or reserve obligation under this specific federal instrument. C4 · Stablecoins & EMTs — Full Module Record 0 sub-modules · 180 words · 5 traced claims · Re-verified 2026-10-25 The decision headline, regulatory posture (Red), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month , or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products) . [Unlock with Free Pass / Sign In](https://a-i.gi/auth/login)[View Pro & Firm Plans (£39 / £199)](https://a-i.gi/licensing/#plans)[View Open Exemplar (Gibraltar)](/jurisdictions/gi/) ### New Brunswick, Canada: C5 Consumer ProtectionAmberEnacted in forceModule confidence: Probable▾ Consumer protection for crypto in New Brunswick flows through the CSA's enhanced pre-registration undertaking commitments and the national CIRO Digital Asset Custody Framework. These instruments require segregation of client crypto assets from proprietary firm assets, custody with an acceptable third-party custodian, and a prohibition on margin/leverage products for retail clients, building on lessons from the QuadrigaCX collapse. #### Consumer Protection The Canadian Investment Regulatory Organization's Digital Asset Custody Framework, in force since 2026-02-03, requires segregated wallets and strengthened custody, governance and cybersecurity controls for registered crypto trading platforms. This is a control-side development that sits alongside, and partly complements, FINTRAC's registration-side enforcement activity described under crypto licensing: where FINTRAC's revocation wave addresses which entities may operate, CIRO's framework addresses how registered platforms must safeguard client assets once operating. The framework applies to CIRO-registered platforms nationally, including any such platforms serving CA-NB clients, with no separate provincial custody standard identified. #### Outlook Industry compliance maturity against the new custody standard has not yet been independently assessed, and that assessment, whether through CIRO examination findings or subsequent public reporting, is the concrete marker to watch in coming cycles for this module. Read full sub-brief · 130 words No new data since the standing brief. 1 periodic run re-emitted it unchanged. Sources and findings (7) - T3[CoinDesk](https://www.coindesk.com/policy/2023/02/22/canadian-crypto-trading-platforms-face-enhanced-rules-under-new-regulations) — Enhanced CSA pre-registration undertaking terms require crypto trading platforms to hold cash, securities, and non-security crypto assets of Canadian clients in a designated trust account or an account with an 'Acceptable Third-Party Custodian' holding a recent SOC 2 Type 1 or 2 report. - T3[CoinDesk](https://www.coindesk.com/policy/2026/02/03/canada-s-investment-regulator-rolls-out-crypto-custody-rules-to-avoid-another-quadrigacx) — CIRO's Digital Asset Custody Framework, effective immediately upon its February 2026 publication, establishes a tiered risk-based custody structure intended to strengthen investor protection against hacking, fraud, weak governance, and insolvency, citing the QuadrigaCX collapse as a driving precedent. - T3[CoinDesk](https://www.coindesk.com/policy/2023/03/30/crypto-exchange-kraken-commits-to-tougher-rules-in-canada?outputType=amp) — CSA rules prohibit registered and pre-registered crypto trading platforms from offering margin trading or other forms of leverage to Canadian retail clients. - T1[Financial and Consumer Services Commission (FCNB)](https://fcnb.ca/en/news-alerts/caution-crypto-asset-trading-platforms) — FCNB publishes and updates a public Caution List of unregistered/fraudulent crypto platforms targeting New Brunswick residents. - T1[registered crypto trading platforms](https://fcnb.ca/en/investing/high-risk-investments/crypto-assets-and-cryptocurrency/registered-crypto-asset-trading-platforms) — Registered and PRU-holding crypto platforms are subject to CSA/CIRO guidance restricting misleading advertising and improper social-media marketing. - T1[FCNB](https://fcnb.ca/en/investing/high-risk-investments/crypto-assets-and-cryptocurrency/registered-crypto-asset-trading-platforms) — CTPs registered or under a pre-registration undertaking in NB must comply with Joint CSA-IIROC Staff Notice 21-330 guidance on advertising, marketing and social-media use; non-compliance is a factor in registration fitness. - T1[FCNB](https://fcnb.ca/en/news-alerts/canadian-anti-fraud-centre-bulletin-crypto-investments) — FCNB publishes a Caution List of unregistered/non-compliant crypto platforms and issues investment-scam bulletins jointly with the Canadian Anti-Fraud Centre. ### New Brunswick, Canada: C6 Tax TreatmentAmberEnacted in forceModule confidence: Probable▾ Crypto taxation in New Brunswick follows the federal Income Tax Act as administered by the Canada Revenue Agency (CRA); there is no separate NB provincial crypto tax regime. Crypto assets are treated as property/commodities, so dispositions can generate capital gains/losses or fully taxable business income depending on facts and circumstances. CRA runs a dedicated crypto-asset audit program and has flagged significant non-compliance risk, and the federal government has flagged new anti-financial-crime legislation (including crypto tax evasion measures) for spring 2026, not yet introduced as of this run. C6 · Tax Treatment — Full Module Record 0 sub-modules · 180 words · 3 traced claims · Re-verified 2026-10-25 The decision headline, regulatory posture (Amber), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month , or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products) . [Unlock with Free Pass / Sign In](https://a-i.gi/auth/login)[View Pro & Firm Plans (£39 / £199)](https://a-i.gi/licensing/#plans)[View Open Exemplar (Gibraltar)](/jurisdictions/gi/) ### New Brunswick, Canada: C7 Cross-Border TransferAmberEnacted in forceModule confidence: Probable▾ Cross-border crypto activity affecting New Brunswick residents is governed by the same CSA registration/PRU regime applied to domestic platforms: foreign-based platforms serving Canadian clients must register or file a PRU on the same terms as domestic platforms, and several major global exchanges have exited the Canadian market rather than comply. Separately, Canadian retail clients face narrower access than U.S. counterparts to certain cross-border products (e.g., CFTC-regulated futures, DeFi services) due to structural differences between U.S. and Canadian retail-approval processes. C7 · Cross-Border & Travel Rule — Full Module Record 0 sub-modules · 180 words · 2 traced claims · Re-verified 2026-10-25 The decision headline, regulatory posture (Amber), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month , or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products) . [Unlock with Free Pass / Sign In](https://a-i.gi/auth/login)[View Pro & Firm Plans (£39 / £199)](https://a-i.gi/licensing/#plans)[View Open Exemplar (Gibraltar)](/jurisdictions/gi/)