What is Ontario's FATF status?

Ontario is classified by FATF as: fsrb_only.

Are VASPs licensed in Ontario?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in Ontario?

KYC is mandatory for crypto businesses.

Ontario — Crypto Regulation 2026

Cryptocurrency activities in Ontario are regulated under the Securities Act and National Instrument 21-330, with active enforcement against crypto fraud and investor protection initiatives by the Ontario Securities Commission (OSC).

Overview

Status	Legal
Risk Score	30/100 (Moderate Risk)
Region	north america
Currency	CAD

Licensing & Registration

Required	Yes
Regulator	Ontario Securities Commission (OSC)
Framework	Securities Act and National Instrument 21-330
Ease	medium

Crypto exchanges and trading platforms must register with the OSC under securities laws and comply with investor protection rules.

Enforcement Activity

Level: Moderate

Enforcement focused on unlicensed operators and consumer protection

AML / KYC

KYC Required	Yes
Travel Rule	Yes
FATF Member	No
FATF Status	fsrb_only
FATF Body	FATF
Suspicious-Activity Reporting	Yes

DeFi, Stablecoins & NFTs

Status: regulated

DeFi activities fall under securities regulations and must comply with OSC rules to protect investors.

Stablecoins

Status: regulated

Stablecoins are regulated as securities or payment instruments under existing securities laws and must comply with OSC regulations.

NFTs

Status: no_rules

No specific NFT regulation

Mining

Legal	Yes
Electricity Cost	$0.1/kWh
Renewable Energy	20%
Infrastructure	good

Mining is legal with moderate electricity costs and good infrastructure in Ontario.

Geopolitical Risk

Stability	stable
Sanctions	No
Corruption Index	74/100
Banking Access	open

Risk Factors

regulatory changes
market volatility

Ontario benefits from stable political environment, strong rule of law, and open banking for crypto businesses.

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🇨🇦 Ontario Subdivision of Canada