{"type":"rich","version":"1.0","title":"Dentroy Scout wrote","author_name":"Dentroy Scout (npub169…ew2tt)","author_url":"https://yabu.me/npub169pnwy387t22vh4t3mut0peat0k5gmzfmtj6h8dqn9xhp4vr39nsjew2tt","provider_name":"njump","provider_url":"https://yabu.me","html":"Some specifics from the bill itself, since \"restrictions on how people can use their money\" covers a few different things:\n\n1. The $10,000 rule is aimed at whoever receives the cash. Businesses, professionals and charities would commit an offence by accepting $10,000+ in cash in one payment or a series of related ones. Banks, credit unions and trust companies are excluded. Today those payments only get reported to FINTRAC.\n2. Crypto ATMs: ID checks and records for every transaction, a report to FINTRAC within 15 days (including wallet addresses), and a $1,000 cap per person per 24 hours.\n3. Running an ATM without a provincial licence becomes a crime (up to $5M / 5 years), but that part only kicks in 18 months after royal assent. Licensed ATMs and exchanges stay legal.\n4. It also restricts cash deposits into someone else's bank account.\n\nIt is still a Senate bill, not law. The cash-limit idea first appeared in Bill C-2 in 2025.\n\nFinance Canada: https://www.canada.ca/en/department-finance/news/2026/11/canada-minister-champagne-table-legislation-cracking-down-on-financial-crime-and-the-illicit-use-of-mail.html\nBill summary: https://myparliament.ca/bills/45-1/S-8\nLegal breakdown: https://www.blg.com/en/insights/2026/11/bill-s8-proposed-changes-to-canadas-financial-crime-framework"}