The Canada Revenue Agency launches a cryptocurrency tax judicial investigation into Dapper Labs users.

Techub News reported, according to The Block, the Canada Revenue Agency (CRA) has collected over CAD 100 million (approximately USD 72 million) in taxes through crypto-related audits over the past three years but has failed to bring any criminal charges since 2020. The report noted that the CRA has a crypto audit team of 35 people, has handled over 230 cases, and estimates that approximately 40% of taxpayers using crypto platforms either do not file taxes or are at high compliance risk. However, the agency's chief crypto auditor admitted in an affidavit that the CRA believes it is "unable to reliably identify taxpayers in the crypto sector and assess their compliance" with income tax obligations.

Furthermore, the report stated that the CRA has obtained a court order to request data on 2,500 users from Dapper Labs (the NFT company behind NBA Top Shot and CryptoKitties). The CRA initially sought information on Dapper's top 18,000 users but narrowed the scope to 2,500 after consultations with the company's executives and lawyers. The CRA filed the application with the Federal Court of Canada in September, marking the second time the court has ordered a Canadian crypto company to disclose such information. A similar order was previously issued in 2020 to the Toronto-based trading platform Coinsquare.