Finance committee  Thank you, Chair, and thank you, Justin. In short, the regulations coming into force are actually coming into force today, on June 1, 2021. They require businesses to keep records and submit transaction reports as they relate to virtual currency transactions. Those reports would

Finance committee  I'll just follow up by saying again that the regulations don't use the term “non-fungible token” or the terms “cryptocurrency”, or “Bitcoin”. They are used to explain that it's a token or a type of virtual currency that's used for payment and investment purposes. This means that

Finance committee  I'll try to live up to that introduction, Justin. Canada's regulations were actually amended in 2019 to cover virtual currencies, and virtual currencies would be covered in a function-based manner, such as if they were used to transfer value, or if they were used to exchange fro