Loading ...CANADA – Budget will compel crowdfunding platforms to report suspicious transactions
Move comes in the wake of convoy protest that occupied downtown Ottawa
When the federal government invoked the Emergencies Act to deal with the protest, it required crowdfunding services to register with FINTRAC. That requirement ended when the Emergencies Act was revoked.
By proceeding through regulation, the government can make the requirement permanent without having to get approval from Parliament.
https://www.cbc.ca/news/politics/crowdfunding-online-convoy-protest-crypto-1.6412763