The Canadian government has relaxed some new anti-money laundering regulations, and encrypted exchanges only need to report more than $10,000 in transfer transactions.

According to The Block, the Canadian government has relaxed some new anti-money laundering regulations based on feedback from payment service providers and cryptocurrency exchanges. The report states that cryptocurrency exchanges only need to report transfers of more than $10,000 without having to report every transaction. Canadian Treasury officials are currently awaiting guidance from the FATF, so the development of new regulations has not yet been completed.