BoC: New Retail Payment Regulations Coming –> Fintechs Need To Get Ready…

Betakit | Isabelle Kirkwood | Aug 17, 2022 Morrow expects the Bank will begin registering payments service providers in 2024 Of the nearly 700 FinTech companies in Canada, roughly one-fifth offer payment services. All money service businesses in Canada are required to comply with anti-money and anti-terrorist financing regulations, as well as privacy and consumer

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