Crypto Exchange Must Share Client Data With Canada Tax Office

A major Canadian cryptocurrency exchange must hand over client information to federal tax authorities following a first-of-its-kind court ruling.

The Federal Court issued an order compelling Toronto-based Coinsquare Ltd. to divulge customer details to the Canada Revenue Agency as it expands its enforcement among cryptocurrency holders and traders.

Coinsquare, which plans to inform users about the order publicly Tuesday, must provide information on customer bank accounts, transactions, cryptocurrency types, trading activity, “know your customer” documentation and addresses, according to the March 19 order by Justice Peter Pamel.

The affected customers include those who have had accounts valued at ...