2 / 6 Relevant items tagged with #Canada

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Bitcoin Well Launches Payments via Lightning Network in Canada

[May 29 2:47 AM] Bitcoin Well Inc., a non-custodial bitcoin platform, has announced the integration of the Lightning Network into its platform, enabling customers in Canada to instantly sell bitcoin from any personal Lightning Wallet. Bitcoin Well’s founder…

Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme

[May 15 5:24 PM] Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD – in a crypto and foreign exchange investment scheme.

Canada’s Tax Agency Targets $40M in Uncollected Crypto Taxes as Trudeau Seeks Major Capital Gains Hike

[May 13 11:20 PM] Based on a report by the National Post, Canada’s Revenue Agency (CRA) is actively searching for uncollected taxes on cryptocurrencies. The agency estimates that there is nearly $40 million in undeclared taxes related to digital currencies…

Binance Fined Over $4 Million in Canada for Money Laundering Violations

[May 9 4:11 PM] Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has imposed a fine of C$6 million on crypto exchange Binance for failing to comply with anti-money laundering and terrorist financing laws. This penalty, equivalent to…

Canadian regulator fines Binance $4.4M for AML and CFT violations

[May 9 12:45 PM] FINTRAC reported that Binance facilitated 5,902 separate transactions of $10,000 or more in crypto from June 2021 to July 2023 and failed to register with the regulator.

Binance Fined $4.3M by Canadian Financial Regulator for ‘Administrative Violations’

[May 9 10:10 AM] Canadian regulators hit Binance with a C$6 million ($4.3 million) fine on Tuesday, alleging the crypto exchange committed two separate “administrative violations” of the country’s financial regulations.

Binance sued in Canada, CZ could serve 36 months in prison: Law Decoded

[Apr 29 1:05 PM] Cryptocurrency exchange Binance is under legal pressure in Canada and the Philippines, while U.S. prosecutors are demanding 36 months in prison for Changpeng Zhao.

KPMG Survey Finds 39% of Canada’s Institutional Investors Had Exposure To Crypto Assets in 2023

[Apr 24 11:12 AM] Institutional investors located in Canada significantly increased their holdings of cryptocurrencies in 2023, a survey by KPMG found.

Australia joins 1,000+ Bitcoin ATM club alongside US, Canada

[Apr 24 3:18 AM] The United States hosted its first 1,000 crypto ATMs in November 2017, while Canada achieved the same in January 2021.

Coinbase Says Canadian License Makes It Country's Biggest Registered Crypto Exchange

[Apr 4 11:55 AM] Coinbase's expansion into Canada has cleared the hurdle of a "restricted dealer" registration, the company said on Thursday, making it the biggest registered crypto exchange in that jurisdiction.

Canadian Province Asks QuadrigaCX Co-Founder to Explain His Wealth in New Order

[Mar 28 1:55 AM] This is the third test for the Province's new tool to combat money laundering.

What Spot Bitcoin ETFs in Canada Say About the U.S.

[Feb 26 4:37 PM]

Where Coinbase Canada Goes, so Does the World

[Feb 19 3:02 PM] Canada, quicker to adopt ETFs than the U.S., may offer a signal to where the U.S. goes next.

British Columbia Court Backs Ban on Crypto Mining in Canadian Province

[Feb 6 12:22 AM] Conifex, a B.C.-based cryptocurrency mining company, challenged B.C. Hydro's 18-month moratorium on mining.

Crypto Exchange Catalyx Suspends Trading, Withdrawals Following 'Security Breach'

[Dec 28, 2023 4:32 PM] The Canadian exchange suffered a security break earlier this month, resulting in the loss of an unknown amount of customer funds.

TMX buys 78% of ETF tool VettaFi for $848M, boosting stake to 100%

[Dec 14, 2023 7:10 AM] Toronto Stock Exchange owner TMX is finalizing the purchase of VettaFi, an ETF tool that lists blockchain and cryptocurrency-themed E3TFs, including the VanEck Digital Transformation ETF.

Crypto ownership in Canada slips in 2023, but average value of holdings rises

[Nov 30, 2023 4:12 AM] Only 34% of Canadians still believe that crypto “will play a key role in the future,” but the number of those able to give a basic definition of digital currencies has risen slightly.

Digital Canadian dollar fails to impress despite high awareness

[Nov 30, 2023 1:40 AM] People who were aware of CBDCs were more reluctant to adopt the technology when compared with those who didn’t know about it.

Canadian Regulator Seeks Feedback on Disclosure Rules for Bank Crypto Exposures

[Nov 21, 2023 3:19 AM] The country hopes to align local requirements with those proposed by international banking regulators.

Canadian regulator seeks feedback on crypto asset exposure disclosure requirements

[Nov 20, 2023 2:30 PM] The Canadian Office of the Superintendent of Financial Institutions is following a Basel model for its disclosure requirements.

Canada flags concern on AI-generated deepfake disinformation campaigns

[Nov 17, 2023 1:42 AM] The Canadian agency also noted privacy violations, social manipulation and bias among the concerns that AI raises.

Microsoft enters $100M partnership with Canadian firm after quantum breakthrough

[Nov 9, 2023 1:28 PM] Photonic’s founder and Chief Quantum Officer says the company can bring a quantum computer to market within the next five years.

How to manage crypto losses on tax returns in the US, UK and Canada

[Nov 8, 2023 8:55 AM] Unlock the complexities of cryptocurrency taxation and learn how crypto losses impact your tax liability in the United States, United Kingdom and Canada.

5 nations challenge crypto experts and investigators to target tax crimes

[Nov 3, 2023 3:27 AM] The J5 generates significant leads through events, which, in the past, has helped uncover multimillion-dollar crypto Ponzi schemes, such as the BitClub Network.

G7 countries to launch AI code of conduct: Report

[Oct 30, 2023 5:53 AM] The Group of Seven (G7) countries will agree on a voluntary AI code of conduct for companies developing AI to reference for mitigating risks and benefits of the technology.

Kraken to suspend trading for USDT, DAI, WBTC, WETH, and WAXL in Canada

[Oct 27, 2023 2:40 PM] According to customer emails, the changes will go into effect starting Nov. 30.

North America Is Largest Crypto Market Despite Regulatory Uncertainty, Chainalysis Reports

[Oct 25, 2023 4:00 AM] North America leads in terms of cryptocurrency usage despite the ongoing regulatory uncertainty, blockchain forensics firm Chainalysis revealed. Meanwhile, stablecoin-related activity has been decreasing with users shifting away from U.S.-based…

Canada central bank assesses innovations and challenges of DeFi

[Oct 17, 2023 3:49 AM] The staff note suggested that, although the DeFi ecosystem brings a ton of innovations in the financial sector, the regulatory challenges and vulnerability limit its potential use in traditional finance.

Bitstamp’s departure from Canada is ‘timing issue,’ says CEO

[Oct 11, 2023 3:49 AM] Bitstamp’s decision to discontinue operations in Canada is “primarily a timing issue” related to the firm’s expansion priorities, Bitstamp U.S. CEO said.

Canadian regulatory body clarifies stablecoin rules for exchanges and issuers

[Oct 6, 2023 12:21 AM] The umbrella organization for Canada’s securities regulators has set conditions for trading and issuing stablecoins.