Due to FINTRAC regulations, we must report cryptocurrency transfers into your account when the total adds up to $10,000 CAD or more in a 24-hour period. These transfers are referred to as Large Virtual Currency Transactions (LVCTs) and the reports that we have to submit are Large Virtual Currency Transaction Reports (LVCTRs). Currently, our 24 hour reporting period is based on Eastern Time.
The first time you receive an LVCT your transfer will be manually reviewed by the Customer Success Team. This one-time process usually takes 24 to 48 hours. Afterward, your LVCTs will be automatically released to your account once you indicate whether or not you were the initiator of the transfer.