In the wake of the recent record CAD $176,960,190 administrative monetary penalty levied by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) on Xeltox Enterprises Ltd. of Vancouver (also known as Cryptomus ), the… CSA Cautions Crypto Lending Platforms And Customers
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued a record CAD $176,960,190 administrative monetary penalty on Xeltox Enterprises Ltd. of Vancouver, a reporting entity providing virtual currency transaction service (also operating as… FINTRAC Issues Record CAD $176 Million Penalty To Xeltox/Cryptomus
The Ontario Securities Commission (OSC) recently provided an update on OSC TestLab: Early-Stage Capital Raising (Early-Stage Capital Raising), a set of initiatives to support capital-raising for early-stage Ontario businesses announced in May 2024. OSC TestLab… OSC Provides Update On Initiatives To Support Capital-Raising For Early-Stage Businesses
The Canadian Securities Administrators (CSA) has published final amendments to National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives (NI 94-101) (The Final Amendments). The amendments were finalized after considering comments received on proposed amendments… CSA Adopts Final Amendments To Mandatory Central Counterparty Clearing Of Derivatives
With recent amendments to the Canadian Payments Act and the introduction of the Retail Payments Activities Act, Payment Service Providers (PSPs) are eligible for Payments Canada membership and access to the Real-Time Rail (RTR) system.… FINTECH Update: Payment Service Providers eligible for Payments Canada Membership and RTR Payments System
The Bank of Canada (The Bank) has announced that effective September 8, 2025, it will publish a list of Payment Service Providers (PSPs) that have registered under the Retail Payment Activities Act (The Act). On… Bank of Canada issues update on Payment Service Providers Registry