Keep up with the latest developments and key issues impacting our industry. This page is updated regularly as new information becomes available, ensuring you have timely insights and updates whenever they happen.
If you need more guidance or assistance with a particular issue, please do not hesitate to get in touch with our office.
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Industry Updates
The Bank of Canada has just issued a temporary order to XTM Inc. to immediately cease performing any retail payment activities.The order prohibits XTM or any of its affiliates from conducting any transactions or withdrawals from accounts associated with the AnyDay platform.
The bank has serious concerns that XTM failed to safeguard clients funds in its possession and it further believes allowing XTM to continue to perform retail payments activities could be prejudicial to the public’s interest.
XTM has 14 days to respond to the bank.
In our opinion, we have no reason to believe this situation will get any better. XTM’s stock is currently halted.
BCRFA Advisory: Everyday Payments Update
Last Updated: February 23rd at 12:30PM PST
Get Involved! Taste The Beautiful Game — BC Style
As excitement builds toward the FIFA World Cup, we’re inviting members to take part in Taste the Beautiful Game — BC Style, a province-wide initiative celebrating BC’s food, drink, and hospitality community.
Participating businesses will have the opportunity to be part of a collective campaign designed to drive awareness, engagement, and pride in BC-made products and experiences, while connecting with locals and visitors alike during one of the world’s biggest sporting moments.
If you’re interested in participating or would like more information, please complete the form below. Our team will follow up with details and next steps.
Sign up to participate HERE!
Last Updated: February 23rd at 12:30PM PST
5AM Liquor Service Approved for Olympic Games
On Saturday, February 23rd, Premier Eby messaged that licensed establishments may serve liquor starting at 5 am on Sunday, February 22, 2026.
Following a late decision supported by Premier David Eby, bars were given the green light to open early and serve guests for the games. With municipalities requiring approval, our team quickly mobilized, working directly with local governments across BC to ensure operators could participate.
When it mattered most, the industry banded together, and the BCRFA delivered for hospitality businesses province-wide.
Last Updated: February 4th at 8:30 AM PST