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Cannabis users in Canada encouraged to exercise discretion in crypto-transactions

Alan Muli

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The office of the Privacy Commissioner of Canada has released a document seeking to warn and encourage Canadian citizens to exercise discretion in cannabis crypto-transactions. Cannabis users have been asked to use cash in transactions involving marijuana. The office of the commissioner advised so in order to protect personal information.

In acknowledgement of the guidance, eToro market analyst Mati Greenspan has predicted that the relaxation of Canada’s cannabis sector will boost local privacy coin adoption.

The document, titled “protecting personal information: cannabis transactions” highlights that Cannabis is illegal in most administrations outside of Canada. In light of this, information of cannabis users should be treated as “very sensitive.”

The privacy commissioner expresses concerns that “some countries may deny entry to individuals if they know they have purchased cannabis, even if the purchase was legal.”

Cannabis Retailers Urged to be Conscious of Sensitivity of Customers’ Data

The document urges cannabis retailers to ensure that adequate physical, technological and organizational security measures are in place to safeguard personal information. It puts emphasis on security processes urging them to recognize and respond to the sensitivity of this information.

The commissioner presses that cannabis purchasers should be careful not to provide more personal information than is necessary to retailers. The document also noted that consumers would be required to show identification so as to verify age.

The document also recommends that retailers collect email addresses rather than names and addresses for mailing lists or memberships. Video surveillance should only be used as a last resort. In addition, the guidelines recommend that consumers ask retailers whether the information is stored in servers in Canada or overseas. Consumers should only trade with retailers that host information in Canada.

Mati Greenspan took to Twitter to react to the privacy commissioner’s document. He predicted that the government’s criticisms of the mainstream electronic payment infrastructure will likely boost the adoption of privacy coins among Canadian citizens. “This will almost certainly increase the usage of privacy coins in Canada,” Greenspan tweeted.

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