ShintoSanctuary
Sun Jun 09 2024
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7 answers
1515
What is crypto travel rule in Canada?｜The FATF Travel Rule, also called Crypto Travel Rule informally, . It laid out the requirements for a virtual currency transfer to remain under the legal ambit of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLFTA).came into force in Canada on June 1st, 2021
Could you kindly elaborate on the Crypto Travel Rule in Canada? Could you explain how this rule, also informally known as the FATF Travel Rule, defines the legal framework for virtual currency transfers in accordance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLFTA)? Furthermore, could you clarify when this rule took effect in Canada, specifically mentioning the date of June 1st, 2021?
