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PortuguêsThe results of a 300 megawatt (MW) energy allocation for cryptocurrency miners, run by Canadian provincial utility provider Hydro-Québec, has failed to attract expected demand from the local industry. A…
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In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions…
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The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland created a group with the Bank for International Settlements (BIS) to jointly research central bank digital…
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The Canadian government has awarded enterprise blockchain startup Mavennet a procurement contract for the development of an on-chain steel-tracking platform. Innovation, Science and Economic Development Canada (ISED), a government agency…
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An eighteen-year-old from Montreal is facing four criminal charges connected to a $50 million SIM-swapping scam targeting cryptocurrency holders, Infosecurity Magazine reported on Jan. 17. The hacker, Samy Bensaci, is…
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Canadian regulators have issued new guidance determining when current securities legislation applies to operations conducted by cryptocurrency exchanges. According to the clarifications in the document, many domestic and foreign entities…
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Canada‘s top financial watchdog has told crypto exchanges they will be subject to securities law if they act as custodians to users’ digital assets. The Canadian Securities Administrators (CSA) said…
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The securities regulator in Canada, the CSA, has issued new guidance regarding crypto trade, and when it may fall outside of securities laws. Canada makes a move to regulate crypto…
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Canadian authorities have issued new guidance to determine which digital currency trading platforms fall under derivatives law. The Canadian Securities Administration (CSA) explained new provisions in the “Guidance on the…
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It seems that not a day goes by without a news story highlighting the shortcomings of the current banking system. In a world with alternatives growing in viability daily, incidents,…
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Canadian tech company DMG Blockchain Solutions has installed 1,000 new Bitcoin (BTC) mining machines at its Christina Lake mining-as-a-service facility in British Columbia. Per a Jan. 6 press release, DMG…
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The crypto ATM of Instacoin now offer dollar-pegged stablecoins for deposit and withdrawal, including the much-disputed Tether (USDT). The leading crypto ATM operator in Canada will add a total of…
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A New York investment firm wants to buy claims from former QuadrigaCX users – provided there’s enough interest from creditors entitled to assets held by the infamous exchange. Argo Partners…
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Cryptocurrency investment is among the top five investor threats for 2020, according to the North American Securities Administrators Association (NASAA). The NASAA, the oldest international investor protection organization, has officially…
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Canadian tax authorities’ approach to crypto-assets might discourage the country’s citizens from using digital assets, as things like double taxation remain an issue. While the US still struggles to bring…
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It has been a year since the founder of now-defunct crypto exchange Quadrigacx supposedly died in India. However, some 76,000 victims are still out of millions of dollars. A court-appointed…
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Canadian law firm Miller Thomson has made a request to the Royal Canadian Mounted Police (RCMP) to conduct an exhumation and post-mortem autopsy on the body of Gerald Cotten, the…
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Israeli-based fintech and cryptocurrency firm Simplex now supports two new fiat currencies — the Japanese yen (JPY) and the Canadian dollar (CAD). Following the addition, users at some of Simplex’s…
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Canada-based cryptocurrency mining company Great North Data has submitted a bankruptcy filing, purportedly due to insolvency. As the Canadian Broadcasting Corporation reported on Dec. 4, Great North Data — which…
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The data processor also owes CA$313,718 to the Business Investment Corporation of the provincial Newfoundland and Labrador government. That funding is tied up in Great North Data assets, including building,…
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The Zcash Foundation, the firm behind privacy-centric cryptocurrency Zcash (ZEC), has donated $40,000 to a Canadian private messaging developer. The Open Privacy Research Society, a non-profit group working on Cwtch,…
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Portag3 Ventures, a Canadian venture capital (VC) firm, has closed a second fund with around $320 million to invest in fintech startup companies globally. On Dec. 3, TechCrunch reported that…
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Canadian investment fund manager 3iQ hopes to attract Canadian retail investors with its regulated, publicly-traded Bitcoin (BTC) fund. In a press release on Nov. 28, 3iQ announced that it had…
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The firm claims the IPO would be the “world’s first regulated closed-end bitcoin exchange-traded product,” however, there have been similar product launches before. Swiss Amun AG has launched several ETPs…
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Two thieves at a Canadian grocery store swiped $4,000 from a Bitcoin (BTC) ATM but forgot to check the second canister, leaving $50,000 behind. According to a local media report…
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The cryptocurrency mining operations of mining firm Bitfarms are still expanding despite complaints of the residents of the city of Sherbrooke, Quebec. Local news outlet CityNews reported on Nov. 20…
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The Royal Bank of Canada (RBC) — the largest bank in Canada with $499 billion in assets under management — will not launch its own digital currency trading platform, contrary…
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Walmart Canada has just announced what it describes as the world’s “first enterprise full production blockchain solution launched at a large scale mission-critical function”. The network will allow for information…
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Walmart Canada — the retail giant’s Canadian branch — has rolled out an automated blockchain-based network for freight tracking and payments management, according to a Nov. 14 press release. The…
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A Canadian bank, which banned its clients from buying Bitcoin (BTC), could now become the first in the country to launch a cryptocurrency exchange. As innovation economy news outlet The…
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A stablecoin pegged to the US dollar, but aimed at the Canadian market, has been officially launched by Blockchain Venture Capital, Inc. CUSD Combines US Dollar Backing with Canadian Demand…
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Canadian blockchain research firm Blockchain Venture Capital Inc. (BVCI) has officially launched a United States dollar-pegged stablecoin, the CUSD, according to a press release published on Nov. 11. The new…
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A recent survey conducted by Canada’s central bank regarding Canadians’ thoughts on Bitcoin showed interesting results. While the Bitcoin and crypto market in the US remains unregulated and uncertain, it…
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A lengthy survey into the awareness and usage of Bitcoin and crypto assets by Canada’s central bank has revealed impressive growth despite the recent bear market. The research also offers…
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What has been a fairly bad few weeks for cryptocurrency exchanges, just got a little worse? A Vancouver-based crypto trading platform, Einstein Exchange, has been closed by Candian authorities; while…
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Regulators in the Canadian province of British Columbia have shut down the Vancouver-based Einstein cryptocurrency exchange. In a press release on Nov. 4, the British Columbia Securities Commission (BCSC) reported…
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Canadian gas companies are using trapped natural gas to fuel Bitcoin mining, instead of simply having it flared to the atmosphere. Bitcoin mining is renowned for requiring a lot of…
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A commissioner of the Ontario Securities Commission (OSC) has debunked the arguments against bitcoin used to deny the public offering of The Bitcoin Fund. Among others, the commissioner rules that…
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Recently, Canada’s central bank has been leading working groups with global partners exploring a blockchain future. Their crypto presence has soared with Ernst & Young’s announcement that it is using…
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Canadian investment fund manager 3iQ will now be able to offer Canadian retail investors a regulated, publicly-traded Bitcoin (BTC) fund. Bitcoin fund available to retail investors by end of year…
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