November 25 – December 01, 2021 | North iQ Newsletter

North iQ Weekly Newsletter is curated to provide insights on digital asset industry developments, market announcements, and performance analysis.

November 25 – December 01, 2021 | North iQ Newsletter

A Primer on Tax and Cryptocurrencies in Canada

November 25, 2021 – ​​​​The Canada Revenue Agency generally treats cryptocurrencies as commodities, not currency (the same goes for the U.S. Internal Revenue Service). Therefore, “any income from transactions involving cryptocurrency is generally treated as business income or as a capital gain, depending on the circumstances,” the CRA states.​

Read the report here.

November 25 – December 01, 2021 | North iQ Newsletter

Canada Needs a Loonie-Linked Digital Currency, Policy Experts Say*

November 25, 2021 – “Canadian dollar-linked stablecoins could become attractive to Canadians by making them convertible into cash issued by the Bank of Canada, and ensuring that stablecoins are well designed and regulated from business conduct, competitive, operational, privacy and prudential perspectives,” wrote Mark Zelmer and Jeremy Kronick, the authors of the report.

“*3iQ has a commercial relationship with VersaBank. Please review our disclosure below regarding third-party content and websites.”

Read the report here.

November 25 – December 01, 2021 | North iQ Newsletter

Bank of Canada: Bitcoin Adoption and Beliefs in Canada

November 26, 2021 – Gaining insights into why more people are adopting cryptocurrencies is increasingly important… Bank of Canada provides an analysis to better understand how three factors influence people’s decisions about Bitcoin adoption: network effects, individual learning and social learning.

Read the report here.

November 25 – December 01, 2021 | North iQ Newsletter

Adidas Goes Full Metaverse With Coinbase Partnership and The Sandbox Real Estate

November 27, 2021 – Sportswear giant Adidas set crypto Twitter ablaze on Wednesday evening with an announcement: “We’ve partnered with Coinbase”, before disingenuously concluding the tweet with a crypto meme reference; it’s “probably nothing”… ​​Adidas currently has a parcel of land allocated to it in the Etheruem Metaverse game, The Sandbox.

Read the report here.

November 25 – December 01, 2021 | North iQ Newsletter Decentralized Exchanges near $100 billion in Monthly Volume for November

November 28, 2021 – According to The Block’s Data Dashboard, the total for November is approximately $99.5 billion as of November 28. Monthly volumes have climbed since hitting a low for the year of $56.35 billion in July, with the November figure surpassing October’s $89.15 billion.

Read the report here.

November 25 – December 01, 2021 | North iQ Newsletter

Versabank Expands Successful Closed Ecosystem Testing for Revolutionary Digital Deposit Receipts (DDRs)*

November 29, 2021 – “VersaBank’s DDRs are a natural extension of our existing digital deposit services that, when placed on a public blockchain and supported by the security of the Bank’s own VersaVault digital asset security technology, become a completely unique, game changing, financial innovation.” said David Taylor, President and CEO, Versabank.

“*3iQ has a commercial relationship with VersaBank and Stablecorp. Please review our disclosure below regarding third-party content and websites.”

Read the report here.

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This Weekly Cryptoasset Newsletter is for informational purposes only and does not constitute, either explicitly or implicitly, any provision of services or products by 3iQ Corp (“3iQ”). Investors should determine for themselves whether a particular service or product is suitable for their investment needs or should seek such professional advice for their particular situation.3iQ Corp. makes no representation or warranty to any investor regarding the legality of any investment, the income or tax consequences, or the suitability of an investment for such investor. All content is original and has been researched and produced by 3iQ unless otherwise stated therein. No part of the content may be reproduced in any form, or referred to in any other publication, without the express written permission of 3iQ. All statements made regarding companies, securities or other financial information contained in the content or articles relating to 3iQ are strictly beliefs and points of view held by 3iQ and are not endorsements of any company or security or recommendations to buy or sell any security. No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. By visiting and/or otherwise using the 3iQ website in any way, you indicate that you understand and accept the terms of use as set forth on the website and agree to be bound by them. If you do not agree to the terms of use of the website, please do no access the website or any pages thereof. Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by or affiliation with 3iQ with respect to any linked site or its sponsor, unless expressly stated by 3iQ. Any such information, products or sites have not necessarily been reviewed by 3iQ and are provided or maintained by third parties over whom 3iQ exercises no control. 3iQ expressly disclaims any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites. The information contained herein, while obtained from sources believed to be reliable, is not guaranteed as to its accuracy or completeness and confers no right on purchasers. Past performance of cryptoassets is not indicative of future performance and should not be used to forecast any return that an investor may realize.

Fred Pye

Frederick T. Pye


Frederick T. Pye is the Chairman, Chief Executive Officer and Director of 3iQ Corp. He is also the Chairman and Director of 3iQ Digital Holdings Inc. Mr. Pye is recognized for creating and promoting creative and unique investment products for the investment industry.

Mr. Pye has managed private client portfolios with Landry Investment Management and various other investment dealers. Prior to this Mr. Pye was Founder, President & Chief Executive Officer of Argentum Management and Research Corporation, a company dedicated to managing and distributing quantitative investment portfolios including the first long-short mutual fund in Canada.

He was also Senior Vice-President and National Sales Manager of Fidelity Investments Canada and an integral part of the team that saw assets rise from $80 million to over $7.5 billion in assets under management during his tenure. He also held various positions with Guardian Trust Company, which listed the first Gold, Silver and Platinum Certificates on the Montreal Exchange.

Mr. Pye obtained a Masters in Business Administration from Concordia University.