Information About TechLex
Recent Posts
Below is a preview of the five most recent posts from the blog TechLex. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!
- The CPPA’s Privacy Law Enforcement Regime
The recently-proposed Consumer Privacy Protection Act (“CPPA” or the “Act”) sets out a new enforcement regime that, if passed in its current form, will dramatically affect how Canada’s federal privacy laws will be enforced. The amendments include significant new enforcement powers for the Office of … Read more »
- U.S. Proposes New Anti-Money Laundering Rule in Respect of Unhosted Virtual Currency Wallets
On December 23, 2020, the U.S Department of Treasury released for comment a proposed anti-money laundering rule on Requirements for Certain Transactions Involving Virtual Currency or Digital Assets (the “Proposed Rule”). The Proposed Rule would require banks and money service businesses to submit re … Read more »
- Fintech Regulatory Developments: 2020 Year in Review
As anticipated in our 2019 year in review, there were significant and notable developments in the Canadian Fintech industry in 2020. These occurred in the context of the COVID-19 pandemic, which accelerated the growth of some segments of the Fintech industry (notably for example, point-of-sale (“buy … Read more »
- United States President’s Working Group on Financial Markets Releases Statement on Regulatory and Supervisory Considerations for Stablecoin Arrangements
On December 23, 2020, the U.S. President’s Working Group on Financial Markets (“PWG”) released a statement (the “Statement”) providing an initial assessment on certain key regulatory and supervisory considerations for parties participating in significant digital asset arrangements that are designed … Read more »
- FINTRAC Guidance on Red Flag Indicators Associated With Virtual Currency Transactions
On December 2, 2020, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published guidance on money laundering (“ML”) and terrorist financing (“TF”) red flag indicators for virtual currency transactions. In Canada, businesses dealing in virtual currency are subject to the Pro … Read more »