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Canada’s new budget expands gov’t regulations on crowdfunding, review of cryptocurrency

The Liberal Canadian Finance Minister’s budget includes an investigation into cryptocurrency while also compelling crowdfunding sites to report “suspicious transactions.”

Mirroring some of the financial actions taken under the Emergencies Act, the budget that Finance Minister Chrystia Freeland announced yesterday said a “legislative review” into cryptocurrency will be launched on top of the implementation of stricter regulatory measures on crowdfunding sites and payment processors.

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