Description
Combatting Financial Crimes and Drug Trafficking Act (S-8) including prohibition of unlicensed crypto ATMs was introduced to Senate
On 3 November 2026, the Government introduced to the Senate Bill S-8, the Combatting Financial Crimes and Drug Trafficking Act, which would amend the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to regulate virtual currency autom…
- BILL S-8 An Act respecting certain measures relating to proceeds of crime, terrorist financing, sanctions evasion and the detection of non-mailable matter transmitted by post, Parliament of Canada (Official)
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), software provider: other software
Implementation Level
national
Government Branch
legislature
Government Body
parliament