From what I have read, I would probably disagree with that comment. A lot of the money services businesses, Money Mart or something like that, are regulated on a provincial basis, not on a federal basis, if I'm not mistaken, so you would need some oversight from the federal regulatory framework. In terms of, say, a “know your customer” role, that's completely different from just presenting your photo ID and proving your identity. That's my comment there.
What are the disclosure requirements for people who are participating in the Bitcoin market?