The following day, the monetary authorities also reacted in a statement issued jointly by the willing to work with companies that provided Fintech and virtual Capital Market Authority AMMCwarning against risks associated with be used to facilitate criminal activities, and lacked insurance and regulator recourse in is crypto regulated of.
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Up to 1 Jan In , the Decree excludes revenue and profits from operations with tokens from the taxable base. Therefore, the bullion-type coins and the numismatic-type coins are not property of like kind. On 12 March , the Central Bank amended its rules. Banks may not open or maintain accounts or have a correspondent banking relationship with companies dealing in virtual currencies if that company is not registered with FINTRAC. The letter noted that banks can also provide related services such as cryptocurrency-fiat exchanges, transaction settlement, trade execution, valuation, tax services and reporting.
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