The Canadian Federal Government is Looking For Feedback on Regulations Pertaining to Digital Assets & Bitcoin

Concerning Restrictions on Coinjoining and the assumption of Blockchain Data being "True" for evidence in a court of law, likely related to Chainalysis lobbying efforts nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx

Submissions are due August 1st and can be made by emailing fcs-scf@fin.gc.ca with "Consultation Submission" as the subject line.

There are several concerning questions...1. Should reporting entities be prohibited from transferring (and receiving) virtual currencies to (and from) crypto-mixers/crypto-tumblers that are not registered with FINTRAC?

2. Should the government amend legislation to mitigate vulnerabilities of large cash transactions, for instance by:

• Extending large cash reporting requirements to all businesses in 🇨🇦 over a certain threshold, or

• Prohibiting cash purchases over a certain threshold?

3. Should the Criminal Code be amended to better enable the seizure & restraint of digital assets including cryptocurrency for evidentiary purposes or as offence-related property?

• Is there a need to amend the Canada Evidence Act to provide for blockchain data as evidence?

More information can be found here...

https://www.reddit.com/r/BitcoinCA/comments/14tjw9o/the_canadian_federal_government_is_looking_for/

and here

https://www.canada.ca/en/department-finance/programs/consultations/2023/strengthening-canada-anti-money-laundering-and-anti-terrorist-financing-regime/consultation-on-strengthening-canadas-anti-money-laundering-anti-terrorist-financing-regime.html#annex-1

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