Ok. That makes sense. If I own a coin, the coin is the only thing I own. There’s no underlying security (asset) that gives it value.

So then it would be more accurate for me to have said that in Canada all crypto gains and losses are considered income or capital gains/losses for tax purposes. IE: You have to track your gains/losses like you do for stocks.

I only considered my side of the view where there’s not much difference. I’m guessing you’re talking about the side that creates coins where the technicalities of whether or not they’re securities makes a huge difference for regulatory requirements.

Thanks for explaining.