Policies
Toonie’s policies ensure trust—clear, secure, and fully compliant.
At Toonie Holding Inc., we’re setting the gold standard for compliance, transparency, and security in the cryptocurrency world. We’re proudly aligned with FINTRAC, AML, and CTF regulations, ensuring a platform that’s not only secure but also designed to empower our community with trust and innovation.
1. Governance: Building an Inclusive Ecosystem
Strategic Leadership: Toonie’s Board of Directors, composed of visionaries from blockchain, finance, and compliance sectors, ensures our strategy reflects the community’s needs and Toonie’s core mission.
Decentralized Decision-Making: Our governance model enables token holders to influence the platform’s direction through voting and proposals, fostering true inclusivity in decision-making.
2. Compliance: Protecting Our Community
Know Your Customer (KYC): Mandatory verification for cumulative deposits or withdrawals over 999 CAD ensures a safe and compliant ecosystem.
Anti-Money Laundering (AML): For transactions exceeding 10,000 CAD, users must complete an AML questionnaire detailing the source and purpose of funds.
Cumulative Monitoring: Transactions are tracked holistically to prevent circumvention of thresholds through microtransactions, safeguarding the platform from illicit activities.
3. Data Collection: Transparent and Purpose-Driven
Toonie is committed to responsibly collecting and retaining data that powers a secure ecosystem:
Identity & Contact Information: Name, date of birth, address, phone number, and email.
Financial & Transaction Details: Employment information, transaction history, CAD and crypto amounts, timestamps, payment authorizations, and for institutions, corporate details and beneficial ownership.
Retention Period: Toonie securely retains necessary data for up to 5 years solely for compliance with regulatory or legal requirements. Data is shared only with authorized regulatory and legal entities upon request and is not used for any other purpose.
4. Security: The Foundation of Trust
Industry-Leading Encryption: Advanced standards like AES-256 for storage and TLS 1.3 for secure data transmission ensure ironclad protection.
Audited Smart Contracts: All smart contracts undergo rigorous third-party reviews to ensure functionality, reliability, and security.
Proactive Incident Response: Our preemptive action plans minimize risks and resolve issues quickly, maintaining user confidence.
5. Privacy: Your Data, Your Control
User Empowerment: Toonie values your privacy by offering full control over your personal data, with compliance to GDPR and CCPA standards.
Minimal Collection: We only gather data essential for regulatory compliance and platform efficiency—nothing more.
6. Transparency: The Core of Our Philosophy
Community Updates: We believe in keeping our users informed. From quarterly reports to key updates, you’ll always know what’s happening.
Accessible Information: Whitepapers, audit results, and key platform details are available to foster trust and accountability.
7. Transaction Policies: Simplified for Security
Thresholds:
KYC is required for cumulative transactions exceeding 999 CAD.
AML verification applies to transactions above 10,000 CAD.
No Loopholes: Our systems prevent users from bypassing thresholds with smaller transactions, ensuring integrity across the board.
8. Retention and Secure Destruction
Retention Periods: Personal data is retained for up to 5 years for regulatory purposes. The data is securely encrypted and shared only with legal or regulatory authorities upon official request.
Secure Disposal: Upon expiration, data is permanently deleted using advanced methods to ensure no recovery is possible.
Conclusion: Pioneering the Future of Crypto
At Toonie, compliance isn’t just a checkbox; it’s our commitment to building a trusted, forward-thinking cryptocurrency ecosystem. By blending regulatory excellence with community-centric values, we’re setting the stage for a future where crypto is secure, inclusive, and accessible to everyone.
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