Is CoinSmart regulated?

The regulation of cryptocurrencies are currently being reviewed by various governing bodies such as FINTRAC- Financial Transactions and Reporting Analysis Centre of Canada and provincial security regulators such as the Ontario Securities Commission. At CoinSmart we take compliance very seriously and have an extensive Know Your Client and Anti Money Laundering Compliance program. Our team works with top industry lawyers and experts and keeps a close eye on the regulatory landscape for any upcoming changes. Recently FINTRAC presented proposed legislation for cryptocurrency exchanges which will include various Know your Client and reporting requirements. CoinSmart intends to apply to FINTRAC once the proposed legislation is enacted and will fully comply with any requirements that may be introduced.