Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (SOR/2002-184)

129 (1) If a person or entity that is required under these Regulations to report the receipt from a person or entity of an amount in virtual currency or to keep a large virtual currency transaction record receives amounts in virtual currency that total $10,000 or more in two or more transactions that are made within 24 consecutive hours, those transactions are deemed to be a single transaction of $10,000 or more if that person or entity knows that

• (a) the transactions are conducted by the same person or entity;

• (b) the transactions are conducted on behalf of the same person or entity; or

• (c) the amounts are for the same beneficiary.

(2) Paragraph (1)(c) does not apply if the beneficiary is

• (a) a public body;

• (b) a corporation or trust that has minimum net assets of $75 million on its last audited balance sheet, whose shares or units are traded on a Canadian stock exchange or a stock exchange designated under subsection 262(1) of the Income Tax Act and that operates in a country that is a member of the Financial Action Task Force; or

• (c) an administrator of a pension fund that is regulated under federal or provincial legislation.