· Crypto
Stablecoin infrastructure and regulated activity
Infrastructure providers that enable stablecoin payment flows can engage Canadian MSB registration requirements depending on their role in custody, settlement, and transfer.
Infrastructure providers that enable stablecoin payment flows can engage Canadian MSB registration requirements depending on their role in custody, settlement, and transfer.
Stablecoin payment infrastructure in Canada engages the virtual currency dealer definition under FINTRAC rules, and the analysis turns on custody, role, and fund flow.
The points where stablecoins are converted to fiat currency are where Canadian MSB registration analysis concentrates for settlement infrastructure.
Companies using stablecoins for treasury operations need to assess whether the activity engaged constitutes dealing in virtual currency under Canadian law.