Catenaa, Thursday, December 11, 2025-Canada’s tax authority is seeking data from 2,500 Dapper Labs users in a crypto tax investigation that reflects widening enforcement gaps, according to court filings.
The Canada Revenue Agency has collected over $100 million CAD from crypto audits in three years. It has not secured a criminal charge involving digital assets since 2020.
A report says a 35-person audit team handled more than 230 files. Officials estimate that about 40 percent of taxpayers using crypto platforms may have filing issues or high risk behavior.
In a sworn affidavit, the agency’s top crypto auditor said there is no reliable method to identify taxpayers operating in digital assets or measure compliance.
The CRA initially sought information on 18,000 Dapper Labs users before a court order granted access to a smaller group.
It marks the second disclosed order directed at a Canadian crypto firm. The first targeted Toronto-based Coinsquare in 2020.
Five criminal investigations with digital asset links began since 2020. Four are pending with no charges. Officials cite case complexity, cross border evidence and limited cooperation.
Canada plans new stablecoin rules and intends to launch a financial crimes agency by spring 2026. FINTRAC has issued penalties against multiple exchanges.
Cryptomus received about C$177 million in fines in October for sanctions and anti money laundering failures. KuCoin and Binance also received penalties.
