Dr. Virginia Torrie serves as Editor-in-Chief of the Banking and Finance Law Review and is an Associate Professor at the University of Manitoba, Faculty of Law. She holds JD and LLM degrees from Osgoode Hall Law School of York University and a PhD from the Kent Law School, University of Kent. Dr. Torrie has served as Associate Dean (Academic) and Chair of the Advisory Committee of the Desautels Centre of Private Enterprise and the Law at the University of Manitoba. She has published several books and numerous journal articles and her scholarship has been cited by Courts of Appeal in Canada. In 2019 she was an Academic Visitor at the National University of Singapore, Faculty of Law. She has served as an elected Council Member of the Manitoba Bar Association and Chair of its Insolvency Section Chair, as well as a Branch Chair of the Canadian Bar Association’s Insolvency Section. Dr. Torrie consults privately on financial law matters, including insolvency, secured lending and banking law.
Crypto-Asset Governance in Canada
Abstract:
This article assesses the current state of governance for crypto-assets in Canada by analyzing diverse regulatory frameworks instituted to date across securities regulation, money transmission laws, anti-money laundering and terrorism finance controls, payments-related regulation, taxation, estate planning, and environmental parameters for crypto-asset mining operations. It identifies numerous investor and consumer protection, market integrity, financial system stability, criminal enterprise, and other governance concerns, and regulatory gaps, in the Canadian crypto-asset ecosystem and how these concerns might be addressed. Additionally, it canvasses potential pathways for legal evolution, and regulatory reform, across diverse areas of the Canadian crypto-asset ecosystem including legal, regulatory, operational, and design considerations for a Canadian central bank digital currency.