CRA is still reviewing whether and when cryptocurrencies may not be foreign property

At the 2021 APFF Financial Strategies and Instruments Roundtable, CRA stated:

The question of where a cryptocurrency is located, deposited or held within the meaning of section 233.3 is currently under review ... .

After now indicating that this question “is still under review by the CRA,” it stated:

In parallel, work is underway at the …OECD … to develop the Crypto-Asset Reporting Framework …, a standardized package that will include reporting requirements to tax administrations and exchange of information procedures related to taxpayers’ transactions with crypto-asset service providers. … A public consultation meeting will be held at the end of May 2022.

Neal Armstrong. Summary of 17 May 2022 IFA Roundtable, Q.7, under s. 233.3(1) – specified foreign property – (a).