Canada: Registration requirement in Retail Payment Activities Act
Progress
Current status
under deliberation
30 Apr 2021 under deliberation
Scope
Implementers
Canada
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
legislature
Government Body
parliament
Implementation Level
national
Timeline of events
Introduction of Retail Payment Activities Act including registration requirement
The draft Retail Payment Activities Act is first read as division 8 of the Budget Bill C-30. It includes a registration requirement for payment service providers, that direct retail payment activities at individuals or entities in Canada but do not …
SourceEvent type
law
Action type
introduction
Government branch
legislature
Government body
parliament