Canada's new virtual currency regulations come into effect

Canada has new regulations governing transactions in virtual currencies (which we know as crypto). Instacoin is a dealer in virtual currency and must comply with the new regulations. We believe stable and predictable rules for dealers in virtual currencies will benefit everyone.

Starting June 1, 2021, there will be some changes in our operations

  • The new limit on transactions is $980.
  • We have new obligations to monitor and report on suspicious transactions and large transactions.

Account Program Launch

Later this year we will be rolling out our new dashboard and account program. Customers who wish to transact for more than $980 will be able to do so by creating an account with us.

We will be offering added benefits for customers who sign up for an account.

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