Canadian Parliament Committee Suggests Crypto Regulation To Prevent Money Laundering

News, Regulation | November 19, 2018 By:

The Finance Committee of Canada’s lower house is urging the government to dramatically change the way it regulates cryptocurrencies to prevent their use in money laundering.

In its recent report titled Confronting Money Laundering and Terrorist Financing: Moving Canada Forward, the committee recommended three significant ways the government should monitor cryptocurrencies.