Blockchain Archives - Patrola Law

October 26, 2022

Canadian FMSB Registration (Foreign Money Services Business) for Cryptocurrency Businesses

Foreign Money Services Businesses (FMSBs) are similar to Money Service Businesses (MSBs); however, there are some key differences.This article will explain the key criteria for a business to qualify as an FMSB in Canada and will outline the major compliance requirements for an FMSB. TABLE OF CONTENTS Who qualifies as an FMSB?Qualification RequirementsFurther clarity on

May 10, 2022

The Metaverse Series Part 2: Trademark Infringement in the Metaverse

In Part 1 of the Metaverse Series, we discussed the feasibility of registering a trademark for use in the Metaverse. In Part 2, we will discuss potential triggers of trademark infringement in the Metaverse. What Constitutes Trademark Infringement? Pursuant to Section 19 of the Trademarks Act, a trademark registrant has the exclusive right to use

April 26, 2022

The Metaverse Series Part 1: Can I Trademark the Metaverse in Canada?

What is the Metaverse? The Metaverse is an extensive set of interconnected computer networks producing real-time rendered 3D virtual spaces or worlds which allow users to feel a sense of ‘reality’. Many people view the Metaverse as the next stage of the Internet from “Web 2.0” (participatory stage/user-generated content and the current stage of the

December 2, 2021

Identifying Cryptocurrency Scams and How to Avoid Them

Last week, we published a blog post about cryptocurrency scams involving online dating websites. Unfortunately, this is just one of many methods fraud artists are using to exploit new investors entering the blockchain/cryptocurrency space. Greed and the allure of making huge profits quickly is blinding otherwise smart and sensible people. Do NOT put your money into

November 25, 2021

Cryptocurrency and Online Dating – The Romance Scam

Almost every week, for the past year, people have been calling Patrola Law because they have been defrauded in one crypto scam or another. The lucky ones have lost a few thousand dollars; the unlucky ones are out hundreds of thousands of dollars. Some of these individuals will be losing their homes. Cryptocurrency is an