1. Introduction

* 1. On June 9th, 2018, draft amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its enacted regulations (there are five separate regulations, that we’re going to collectively call regulations here for simplicity’s sake). While not all of the proposed amendments are related to virtual currency, many are (the term virtual currency comes up 304 times in about 200 pages). This article is intended to give a high-level summary of the proposed amendments as they relate to virtual currency for businesses in that industry (exchanges, brokerages, etc.).

This survey is intended to collect feedback from people and businesses that serve Canadians. We will be using the feedback provided to craft a submission to the Department of Finance. You are not required to provide company or personal information in order to participate.

The comment period for the draft itself (the time during which the Department of Finance is accepting comments) is 90 days. In order to give us time to read and synthesize responses, this survey will be closed prior to the final submission date.


The Outlier Canada Team