What is Quebec's FATF status?

Quebec is classified by FATF as: non_compliant.

Are VASPs licensed in Quebec?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in Quebec?

KYC is not universally mandated.

🇨🇦 Quebec Subdivision of Canada

AMF Quebec regulates crypto under provincial securities law. Cheap hydroelectric power attracted mining until 2018 moratorium on new crypto mining electricity contracts.

Overview

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

Tax Information

Capital Gains (Personal)	50% inclusion rate + provincial
Capital Gains (Corporate)	Combined ~26.5%
VAT on Crypto	No
Staking Tax	No specific guidance
Airdrop Tax	No specific guidance

No crypto-specific tax guidance available.

Licensing & Registration

Required	Yes
Regulator	Autorité des marchés financiers (AMF)
Framework	Securities Act + CSA guidance

Enforcement Activity

Level: Moderate

Enforcement focused on unlicensed operators and consumer protection

AML / KYC

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

DeFi, Stablecoins & NFTs

Status: Unclear

No specific DeFi regulation

Stablecoins

Status: no_rules

No specific stablecoin framework

NFTs

Status: no_rules

No specific NFT regulation

Mining

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

Quebec offers competitive electricity rates for mining with a significant renewable energy mix primarily from hydroelectric power. Infrastructure supports mining operations well.

Geopolitical Risk

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

Risk Factors

regulatory changes
energy price fluctuations

Quebec benefits from Canada's overall stable political environment, strong rule of law, and open banking system. No international sanctions apply. Risks include potential regulatory shifts and energy market volatility.

Sources

Autorité des marchés financiers (AMF) official
Securities Act + CSA guidance framework

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Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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