Ron Morrow

To engage government and federal regulators on the development and implementation of Real-Time Rail (RTR) by Payments Canada as well as the expansion of Payments Canada’s membership to include payment service providers. To engage government and federal regulators on the development and implementation of Canada’s consumer-driven banking framework, including the core framework elements. To advocate for the development of a national strategy to support the growth of Canada’s Web3 economy and digital assets. To engage federal financial sector regulators with respect to the supervision of crypto assets under Canada’s anti-money laundering and terrorist financing regulations.

To engage federal financial sector regulators with respect to the supervision of crypto assets under Canada’s anti-money laundering and terrorist financing regulations. To advocate for the development of a national strategy to support the growth of Canada’s Web3 economy and digital assets.

To advocate for the development of a national strategy to support the growth of Canada’s Web3 economy and digital assets. Particularly two projects: 1. Fiat-backed Stablecoins 2. Modernizing Canada's Qualified Investment regime and including digital assets like bitcoin To engage officials with regard to Bill C-249, the Encouraging Growth of the Cryptoasset Sector Act. We are educating MPs and regulators on the crypto industry and specifically why bitcoin, is a unique asset class. We are providing input and feedback to any questions people have on the sector, how it impacts Canadians, and what we are doing as Shakepay to ensure that customer protection is at the forefront. Discussing details pertaining to Canada's open banking framework that will be established under the Consumer-Driven Banking Act (CDB Act), which is part of the Budget Implementation Act, 2024, No. 1 (Bill C-69). Engaging on the draft legislation, introduced by the federal government in April 2024, and discussing issues like accreditation, scope and other items. To engage federal financial sector regulators with respect to the supervision of crypto assets under Canada’s anti-money laundering and terrorist financing regulations.

Provide support and education to government agencies on the FDX Technical Standard and how it is relevant for Consumer Driven Banking.

Monitor implementation of Payment Card Networks Act with regard to debit and credit cards and other ecosystem developments. Monitor implementation of and compliance with the Code of Conduct for the Credit and Debit Industry in Canada. Monitor developments to immigration policy as it relates to skilled labour. Monitor developments the Payment Card Networks Act with respect to payment card network operators, and any other legislation seeking to amend that Act. Monitor developments relating to the Voluntary Interchange Commitment and other initiatives related to cost of acceptance. Monitor developments relating to international trade discussions, including the Canada-US-Mexico Agreement and WTO reform with respect to data flows and electronic payments. Monitor developments relating to government-supported tree planting programs, Monitor developments relating to Bill C-331 An Act to amend the Canadian Security Intelligence Service Act (duty of candour) Monitor developments regarding Proceeds of Crime and Terrorist Financing Act and regulations with respect to credit card accounts and prepaid. Monitor developments regarding breach tracking and reporting regulations under, and review of, the Personal Information Protection and Electronic Documents Act. Monitor developments associated with global humanitarian aid efforts with respect to financial inclusion and electronification of aid and exploring opportunities for private-public sector partnerships in administering aid. Monitor developments and opportunities regarding greater government use of electronic payments. Seek opportunities for greater usage of products and services by federal government. Monitor development of the Retail Payments Oversight Framework/RPAA with respect to regulation of payment networks. Monitor development of the Government’s innovation agenda with respect to the digital economy and Digital ID. Monitor development of the Digital Charter (Bill C-27) with respect to payments and data. Monitor development of regulations pursuant to the Bank Act with respect to credit card issuer practices. Monitor development of Open Banking consultations and studies. Monitor development of Faster Payments initiatives as the government moves toward payments modernization. Monitor development of cybersecurity policies with respect to payments. Monitor deployments relating to oversight of cryptocurrency. Monitor Bank Act policies with respect to prepaid cards.

Coinbase is engaging with the government of Canada to consult on matters related to the cryptocurrency industry, including stable coins and blockchain technology, as well as economic development and security related to the cryptocurrency industry.

Canadian Payments Act and the ongoing consultations of the Payment System in Canada. The participation of new kinds of emerging payment technology companies and payment focused companies in the consultation process. Retail Payments Oversight Framework and the development of draft legislation. ETA is focused on an open and flexible system which has objective risk based rules.

Amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in Bill C-2, the Strong Borders Act. Retail Payments Oversight Framework and the development of draft legislation. ETA is focused on an open and flexible system which has objective risk based rules. Canadian Payments Act and the ongoing consultations of the Payment System in Canada. The participation of new kinds of emerging payment technology companies and payment focused companies in the consultation process.

The financial sector regulatory framework as it relates to Retail Payment Activities Act, payment processing, consumer-driven banking and data security. Square Canada, Inc. seeks to collaborate with policymakers and Canada’s financial services industry to think beyond what’s established and help remove barriers that keep people from having equal access. Square Canada, Inc. also seeks to discuss challenges confronting Canadian small and medium size businesses and consumers in the digital economy.

Monitor developments around Bank of Canada and FCAC regarding Open Banking and Retail Payments Systems Monitor developments around Finance Canada assessment of credit card marketplace and price

The Consumer Driven Banking Act and related regulations as it applies to banks The federal government’s framework for stablecoins and digital assets Canada Deposit Insurance Corporation Act as it relates to banks and the administration of the deposit insurance framework Federal government programs and policies related to Artificial Intelligence regulation Housing finance framework, including reforms to expand housing supply, mortgage underwriting regulations and covered bonds Financial institutions with respect to Canada/US relationship and trade policy Office of the Superintendent of Financial Institutions guidelines with respect to capital, liquidity, and non-financial risk The Canadian Payments Act, as it relates to management of Canada’s payment system and payments modernization The modernization of the supervisory framework for financial institutions as it relates to the responsibility for administering prudential and consumer measures Requirements for financial institutions as they relate to corporate governance rules under the Bank Act Promotion of the importance of a competitive financial sector in achieving improved economic development in Canadian regions Providing inputs with respect to capital requirements as they relate to Basel III and lending for businesses Official languages policy as it relates to financial services. Federal government programs and policies supporting growth for small businesses Federal government programs and policies respecting financing for infrastructure projects Federal government programs and policies on employment and training as they pertain to financial institutions Federal government programs and policies respecting consumers as they pertain to relationships with financial institutions Federal government programs respecting financing for the agriculture industry Federal government programs respecting financial services for Indigenous communities The Bank Act and the National Housing Act as they relate to potential measures affecting housing affordability and lending Promotion of resources to support mental health and well-being of Canadians Promotion of financial services available to finance Canadian infrastructure development; sharing of international best practices with respect to infrastructure policy, particularly in terms of options for project financing arrangements Privacy legislation and acts with respect to the banking industry’s collection, use and protection of personal information Office of Superintendent of Financial Institutions Guidelines regarding accounting rules regulating financial institutions Income Tax Act with respect to corporate income tax, capital tax, international taxation, personal taxation, and registered saving products Impact of federal national security policy as it relates to the banking sector Financial services policy with respect to study of retirement income security Federal government programs and policies to combat financial crimes Federal government programs and policies related to sustainability, natural resources and climate change in support of achieving net zero targets Federal government position with regard to ongoing discussions on international financial regulation reform, as it pertains to Canadian banks Federal government policies affecting Canada’s payment systems as well as access to financial data Bank Act with respect to its impact on financial sector

Proposed Stablecoin Act, being Part 5, Division 45 of the Budget 2025 Implementation Act, No. 1 (Bill C-15), and regulations under the Act, with respect to the registration and supervision of stablecoin issuers

Discussions on strategies to mitigate tariffs and navigate review of CUSMA Responding to inquiries and speaking with government organizations about global banking and impacts on Canada Responding to inquiries and speaking with government organizations about global banking and impacts on Canada General discussions regarding Anti-Money Laundering and Proceeds of Crime and the PCMLATF legislation General discussions, information regarding foreign interference and the OSFI Integrity & Security Guideline General discussions about climate change and government policy