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September 5, 2023

On the web

November 2, 2022

On the web

Bank of Canada Sets Out Path for Regulating Digital Payment Providers

Reuters

“The Bank of Canada on Wednesday said it would take a flexible, risk-based approach in its nascent role as a digital payment regulator, aiming to ensure confidence in the safety and reliability of the fast-growing electronic payment segment. The central bank became the regulator for payment service providers (PSPs) like card networks, digital wallets and money transfer services under Canadian law last year. It is now working with the federal government on setting out how that supervision will work.”

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