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PANews
PANews|12月 07, 2025 23:34
**[Canada Obtains Information on 2,500 Dapper Labs Users in Second Cryptocurrency Tax Investigation]** According to The Block, court documents obtained by the Canadian Press reveal that over the past three years, Canada’s tax authority has collected more than CAD 100 million (approximately USD 72 million) in taxes through cryptocurrency-related audits. However, since 2020, no criminal charges have been filed, highlighting structural limitations in the country’s enforcement capabilities. The Canada Revenue Agency’s audit team has processed over 230 files and estimates that 40% of taxpayers using cryptocurrency platforms either fail to report taxes or pose a high risk of non-compliance. Nevertheless, the Canada Revenue Agency acknowledges that it is "unable to reliably identify taxpayers in the cryptocurrency sector and assess their income tax compliance." Additionally, the report states that the Canada Revenue Agency has obtained data on 2,500 users from Dapper Labs through a court order. Initially, the agency sought information on Dapper’s 18,000 users, but after negotiations with the company’s executives and lawyers, the figure was finalized at 2,500. The application submitted by the Canada Revenue Agency to the federal court in September marks the second time the court has ordered a Canadian cryptocurrency company to disclose such information, following a similar order issued to Coinsquare, a Toronto-based exchange, in 2020.
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