Canada Tightens Crypto Regulations Alongside AML/CTF Overhaul

[newshunter]

Canada Tightens Crypto Regulations Alongside AML/CTF Overhaul

Canadian firms processing crypto transactions worth more than 1,000 Canadian dollars will have to record and report identifying information regarding their customers

Source: Canada Tightens Crypto Regulations Alongside AML/CTF Overhaul

Would appreciate your opinion about this

[Fenix]

Well, Canada has been implementing binding FATF recommendations from June 21 last year. States are required to amend national laws within one year and take control of transactions worth more than a thousand euros. This is part of a set of measures to combat dirty money laundering and the financing of terrorism. Many states are doing the same thing now.