Operators of Bitcoin ATMs and exchanges in the province of the "economic shithole" known as Quebec, Canada must now obtain a licence from the Autorité des marchés financiers after amendments were made by the AMF to the Policy Statement to the Money Services Business Act.
The requirement of a licence now means that businesses operating Bitcoin ATMs and exchanges in Quebec will now be obligated to keep a record of financial transactions in addition to verifying the identity of customers. Continue reading