Canada: Introduction of Retail Payment Activities Act including registration requirement
Description
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 have a place of business there.
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament