Canada News

Latest News on Canada | Cointelegraph

Canada is a country in North America with a constitutional monarchy form of government. It is the second largest in terms of territory and one of the richest countries in the world as far as the average income per person. Currently, it is a decent place for the crypto industry as the government supports all investigations into and developments of the blockchain technology. Also, Canada’s cryptocurrency regulation is not supposed to tighten in terms of control and taxing of transactions made through virtual currencies. In addition, in July 2017, the British Columbia Security Commission provided registration to an investment company which offers services related to Bitcoin and digital assets. In Canada, cryptocurrency trading is absolutely legal and available with a wide range of exchange ATMs.

University of British Columbia Study: ‘Compliance Trilemma’ Limits Potential of ICOs

NOV 20, 2018 | by Ana Alexandre

A recent study funded by the Canadian government has revealed that ICOs are facing regulatory compliance challenges that limit their potential.

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Canadian House Finance Committee Recommends Crypto Regulation to Prevent Money Laundering

NOV 18, 2018 | by Adrian Zmudzinski

The Canadian House Finance Committee has put forward three suggestions for regulating cryptocurrencies, citing money laundering concerns.

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Canada, UK, Singapore Central Banks: CBDCs Would Reduce Risks in Cross-Border Payments

NOV 16, 2018 | by Marie Huillet

CBDCs can improve counterparty credit risk for cross-border interbank payments and settlements, according to the central banks of Canada, U.K. and Singapore.

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Canadian Holding Firm to Acquire EXMO Crypto Exchange Per Letter of Intent

NOV 13, 2018 | by Helen Partz

Major crypto exchange EXMO has signed a Letter of Intent for Canadian publicly-traded holding company GoverMedia Plus Canada to acquire the platform.

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Canadian Bank Set to Launch Uncheckable ‘Deposit Box’ for Cryptocurrency

NOV 09, 2018 | by William Suberg

A subsidiary of Canadian bank VersaBank has completed beta testing of its new solution, which targets exchanges and crypto funds as clients.

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Canada’s DMG Blockchain Puts 85 Megawatt Crypto Mining Facility Into Operation

NOV 09, 2018 | by Ana Alexandre

Canada-based blockchain and crypto company DMG Blockchain Solutions has energized most of its 85 megawatt crypto mining facility in British Columbia.

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Canadian Bitcoin Mining Firm Hut 8 Sees Record High Revenue in Q3 2018

NOV 08, 2018 | by Ana Alexandre

Toronto-based Bitcoin mining company Hut 8 has seen record high revenue in the third quarter of 2018, which reached $13.5 million, with $27.7 for the nine month...

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CryptoKitties Developer Receives $15 Mln in Financing Round Led by Rockefeller Venture Arm

NOV 02, 2018 | by Helen Partz

Dapper Labs, developer of popular blockchain app CryptoKitties, has received $15 million in another financing round.

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Bitcoin Is ‘Anything but Useful’ Says Ex-Federal Reserve Chair Janet Yellen

OCT 30, 2018 | by William Suberg

Former U.S. Fed chair Janet Yellen, who featured in the well-known ‘Buy Bitcoin’ Senate committee hearing last year, remains highly critical of crypto.

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Canada Border Agency to Pilot IBM-Maersk TradeLens Blockchain Platform

OCT 25, 2018 | by William Suberg

The blockchain-based shipping solution from IBM and Maersk will be tested at Canada’s border agency.

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Central Bank-Issued Digital Currencies: Why Governments May (or May Not) Need Them

OCT 25, 2018 | by Stephen O'Neal

Japan’s central bank doesn’t want a CBDC. What about others?

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Air Canada to Integrate Blockchain-Based Travel Distribution Platform

OCT 24, 2018 | by Ana Alexandre

Air Canada has announced its intent to participate on a blockchain-based platform for distributing air travel products from blockchain startup Winding Tree.

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National Bank of Canada Pilots Blockchain to Combat ‘Complex’ Processes

OCT 23, 2018 | by William Suberg

A new partnership sees a major Canadian bank leveraging both blockchain and smart contracts.

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Canadian Firm to Build Blockchain-Based Supply Chain Platform for Cannabis Industry

OCT 17, 2018 | by Ana Alexandre

Diversified crypto and blockchain firm DMG Blockchain will develop a blockchain-powered platform to manage supply chains in the Canadian marijuana industry.

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Canadian Crypto Exchange QuadrigaCX Blames Major Bank for Delays

OCT 10, 2018 | by Ana Alexandre

Canadian crypto exchange QuadrigaCX blames a major bank for delays in cashing out funds.

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Canada: TD Bank Bans Credit Card Purchases of Crypto Following Global Trend

FEB 24, 2018 | by Helen Partz

One of the largest Canadian banks, TD Bank, stops customers from buying crypto with credit cards, following US J.P. Morgan, Citi and others.

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Canada: Regulators Approve Country’s First Blockchain ETF

FEB 03, 2018 | by Jon Buck

Harvest Portfolios has received approval to issue the first ever Blockchain-based Exchange Traded Fund (ETF) in Canada.

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Canada Releases Official Draft of New Crypto Regulations Focused on KYC/AML

JUN 10, 2018 | by Maxwell William

Draft of new regulations reveals how Canada is seeking to strengthen their AML/ATF laws.

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Major Canadian Bank Files Patent To Make Credit Scores ‘Transparent’ Via Blockchain

MAR 17, 2018 | by Molly Jane Zuckerman

The Royal Bank of Canada’s patent for a Blockchain credit score platform promises to unveil the previously opaque credit score process.

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Bank Of Montreal Staff Memo Appears To Show Bitcoin ‘Block’ Due To ‘Volatility’

MAR 29, 2018 | by William Suberg

Bank of Montreal has banned all cryptocurrency transactions due to “volatility” according to a leaked staff memo.

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KFC Canada Introduces ‘Bitcoin Bucket’ Of Chicken Tenders

JAN 12, 2018 | by Molly Jane Zuckerman

KFC Canada has introduced a “Bitcoin Bucket” to their menu, available for purchase for BTC only

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Kik Begins Selling All 512 bln ICO Tokens, Canadian Users Still Banned

SEP 13, 2017 | by William Suberg

Kik has launched its $75 mln ICO as regulatory “failures” mean Canadians are unable to join in.

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Canadian Bitcoin Entrepreneur Slams BCH As ‘Scam’ During Parliamentary Testimony

MAR 20, 2018 | by Molly Jane Zuckerman

A BTC advocate has given testimony to Canada’s Parliament that BCH, and all currencies besides BTC, are ‘scams’

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Canadian Stock Exchange Launches ‘Fully-Regulated’ Token Funding Platform, ‘Unlike’ ICOs

FEB 14, 2018 | by Molly Jane Zuckerman

The Canadian Securities Exchange will soon launch a platform for trading in Ethereum-based “Security Token Offerings (STOs)”, as an alternative to ICOs.

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Why Canada has Emerged as a Leading Blockchain and Crypto Nation: Expert Take

APR 29, 2018 | by Selva Ozelli

There are four pillars: innovation, low energy costs, high internet speed and favorable regulatory regime

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It Is Neither Realistic Nor Feasible To Ban Bitcoin: China’s Leading Newspaper

SEP 14, 2017 | by William Suberg

A university professor has underlined it is “unfeasible” to ban Bitcoin in China, but speculation should be “limited.”

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Canadian Financial Institutions Analyze Feasibility of Central Bank-Issued Digital Currencies

DEC 03, 2017 | by Joshua Althauser

Senior researchers at the Bank of Canada have released a report examining the feasibility of creating “central bank digital currency.”

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Subsidiary of Canadian Stock Exchange Operator To Open Crypto Brokerage Service

MAR 24, 2018 | by Ana Alexandre

Subsidiary of Canadian stock exchange operator TMX Global partners with Paycase to launch new digital currency brokerage service.

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Gold Trading Giant Goldmoney Enables Cold Storage For Two More Cryptocurrencies

MAR 01, 2018 | by Ana Alexandre

Goldmoney, a global gold-based financial services company, expands its crypto cold storage with two more cryptocurrencies.

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World’s Largest Diamond Jewelry Retailer Joins De Beers Blockchain Pilot

MAY 26, 2018 | by Ana Alexandre

The world’s leading diamond jewelry retailer has joined the De Beers blockchain initiative aimed at increasing transparency and consumer confidence

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FUD for Bitcoin, Praise for Blockchain: Royal Bank of Canada CEO on Crypto

OCT 24, 2017 | by Darryn Pollock

Royal Bank of Canada CEO: Bitcoin is not a fraud, but it facilitates crime

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Canada: TD Bank Bans Credit Card Purchases of Crypto Following Global Trend

FEB 24, 2018 | by Helen Partz

One of the largest Canadian banks, TD Bank, stops customers from buying crypto with credit cards, following US J.P. Morgan, Citi and others.

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Canadian Bitcoin Entrepreneur Slams BCH As ‘Scam’ During Parliamentary Testimony

MAR 20, 2018 | by Molly Jane Zuckerman

A BTC advocate has given testimony to Canada’s Parliament that BCH, and all currencies besides BTC, are ‘scams’

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US: CFTC Seeks to ‘Provide Regulatory Clarity’ for Listing Virtual Currency Derivatives

MAY 22, 2018 | by Molly Jane Zuckerman

Two U.S. CFTC divisions have jointly issued a staff advisory about the key areas in listing a virtual currency derivative product.

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KFC Canada Introduces ‘Bitcoin Bucket’ Of Chicken Tenders

JAN 12, 2018 | by Molly Jane Zuckerman

KFC Canada has introduced a “Bitcoin Bucket” to their menu, available for purchase for BTC only

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Bitcoin Is ‘Anything but Useful’ Says Ex-Federal Reserve Chair Janet Yellen

OCT 30, 2018 | by William Suberg

Former U.S. Fed chair Janet Yellen, who featured in the well-known ‘Buy Bitcoin’ Senate committee hearing last year, remains highly critical of crypto.

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Bank of Canada Consultant Proposes Bitcoin-based Financial System

AUG 17, 2017 | by Joshua Althauser

Bank of Canada research consultant proposes a financial system that uses the cryptocurrency Bitcoin as the standard currency instead of the fiat currencies.

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Canada: Bitcoin Miner Hut 8 Becomes ‘Largest’ by Capacity After Second Site Opening

JUL 19, 2018 | by William Suberg

A new location opening for Canadian mining firm Hut 8 has seen it reportedly become the largest publicly-traded mining operator by capacity.

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Canada Releases Official Draft of New Crypto Regulations Focused on KYC/AML

JUN 10, 2018 | by Maxwell William

Draft of new regulations reveals how Canada is seeking to strengthen their AML/ATF laws.

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Canada: Regulators Approve Country’s First Blockchain ETF

FEB 03, 2018 | by Jon Buck

Harvest Portfolios has received approval to issue the first ever Blockchain-based Exchange Traded Fund (ETF) in Canada.

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Bank of Canada: Blockchain Not More Effective Than Central Bank System ‘at This Time’

JUN 14, 2018 | by William Suberg

Canada’s central bank has questioned blockchain’s effectiveness in the banking sector this week.

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Newegg Canada Drops Bitcoin Payments, BitPay in Spotlight

JUN 05, 2017 | by William Suberg

Bitcoin is no longer available on Newegg.ca, a company rep has told a customer in unverified reports.

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Shares in Novogratz’s Crypto Bank Galaxy Digital Plunge 20% in Toronto Exchange Debut

AUG 02, 2018 | by Marie Huillet

Shares in Mike Novogratz’s crypto-focused merchant bank, Galaxy Digital LP, plunged 20 percent during their trading debut on a Canadian stock exchange Wednesday...

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Five Nations Launch Tax Enforcement Alliance to Tackle Crypto, Cybercrime 'Threat'

JUL 03, 2018 | by Marie Huillet

The U.S. IRS has formed a new international taskforce comprising tax enforcement agencies from five countries to tackle crypto-enabled crimes.

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Banks And Cryptocurrencies Global Evaluation: Americas

MAY 01, 2018 | by Christina Georgacopoulos

From friendly Canada to bans in Chile and Bolivia.

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