Tag: FINTRAC
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More ↗: Digital Asset Regulation in 2026: Total Control, New Opportunities, and Hidden RisksDigital Asset Regulation in 2026: Total Control, New Opportunities, and Hidden Risks
In 2026, digital asset regulation undergoes significant transformation, focusing on transparency and compliance. Key jurisdictions implement stringent frameworks, emphasizing client identification, licensing, and stablecoin oversight.…
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More ↗: Canada Tightens Oversight: Why Professional Support Is Now EssentialCanada Tightens Oversight: Why Professional Support Is Now Essential
Canada’s financial regulator is enforcing stricter oversight in the financial services sector, revoking approximately 50 MSB registrations for compliance failures, particularly in the digital asset…
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More ↗: Top 5 Jurisdictions in 2026 for Virtual Asset Companies Not Planning to Enter the EU MarketTop 5 Jurisdictions in 2026 for Virtual Asset Companies Not Planning to Enter the EU Market
In 2026, virtual asset companies are increasingly avoiding the EU market due to the challenges of obtaining a MiCA license. Instead, they are focusing on…
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More ↗: 🇨🇦 Canada Prepares a New Regulatory Framework for Stablecoins🇨🇦 Canada Prepares a New Regulatory Framework for Stablecoins
Canada’s 2025 federal budget plans to establish a regulatory framework for fiat-backed stablecoins, promoting transparency and predictability. Key components include reserve requirements, user redemption conditions,…
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More ↗: What Is the Travel Rule for VASPs?What Is the Travel Rule for VASPs?
The Travel Rule, established by FinCEN, requires financial institutions to share specific customer data during fund transfers to prevent money laundering. In 2019, it was…
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More ↗: Weekly Recap by FinanceIQ HubWeekly Recap by FinanceIQ Hub
President Trump signed the GENIUS Act, establishing a framework for stablecoin regulation in the U.S. The House passed key bills on asset oversight and prohibiting…
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More ↗: ESMA Sets New Standards for Crypto Market Oversight: How MiCA Will Change the Landscape and How Businesses Can PrepareESMA Sets New Standards for Crypto Market Oversight: How MiCA Will Change the Landscape and How Businesses Can Prepare
On April 29, 2025, ESMA published guidelines under MiCA to enhance oversight of the crypto market, focusing on a risk-based approach to prevent market abuse.…
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More ↗: Only the Legal Will Survive: New Rules in the US and EU Put Digital Payment Projects Under PressureOnly the Legal Will Survive: New Rules in the US and EU Put Digital Payment Projects Under Pressure
New regulations in the US and EU are reshaping digital payments. The US SEC has clarified which digital payment tokens may be exempt from financial…
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More ↗: The U.S. Abolishes Beneficial Ownership Reporting for Domestic Companies: Implications for Business and International RegulationThe U.S. Abolishes Beneficial Ownership Reporting for Domestic Companies: Implications for Business and International Regulation
The U.S. Abolishes Beneficial Ownership Reporting for Domestic Companies: Implications for Business and International Regulation After prolonged debates and legal challenges, the U.S. Department of…
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More ↗: Custodial vs. Non-Custodial Wallets: Which One to Choose for Secure Crypto Storage?Custodial vs. Non-Custodial Wallets: Which One to Choose for Secure Crypto Storage?
The choice between custodial and non-custodial wallets significantly affects cryptocurrency security. Custodial wallets offer convenience but compromise control and are vulnerable to hacks. Non-custodial wallets…
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