Canadian financial regulators, long held as the paragons of a light and wait - and - see approach to the Bitcoin economy, began to move towards a more active stance, and a particularly ominous passpge from the FINTRAC report even suggests that the agency can potentially «choke bitcoins oxygen (sic)» by denying
Canadians access to the foreign exchange market.
While it is true that
Canadian investors can get direct
access to foreign stocks through a long list of ETFs that trade in the US
exchanges, these funds have one drawback that can not be overcome — US - listed ETFs are considered in situ property and could be subject
to US Estate Taxes.