Reassurance for Canadians: Cryptocurrency exchanges across the nation will now only have to report transfers of more than CA$10,000 ($7,663). It comes after the Canadian government relaxed some of its new anti-money laundering regulations following feedback from payment service providers and cryptocurrency exchanges. As a result of the changes, cryptocurrency platforms, both in and outside of Canada, now classify as money service businesses (MSBs). “MSBs will now include domestic and foreign businesses that are “dealing in virtual currency […], Canada’s government said. “As required of all MSBs, persons and entities dealing in virtual currencies would need to fulfil all obligations,…
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