Canada Pursues a Secure Digital Asset Repository as Crypto Crime Surges

Canada's RCMP and SSC release a tender for a high-security digital vault for crypto and NFTs, a response to increasing digital asset crimes.

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Banks' exposure to crypto should be limited: Canada

Canada has proposed that banks should not have an exposure of more than 1% to unbacked digital assets. The consultation period concludes on 20 September. The Canadian financial regulator hasThe post Banks' exposure to crypto should be limited: Canada appeared first on AMBCrypto.

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Canada requests feedback on new crypto asset rules

Canadian regulator revealed it is considering amendments to its capital and liquidity approach concerning crypto assets. The proposed rules aim to streamline how institutions handle potential risks associated with cryptocurrencies, outlining four distinct categories of digital assets and their respective…

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Canadian lawmakers publish recommendations in support of blockchain adoption

While the U.S. grapples with a fragmented and turbulent regulatory environment for digital assets, some of Canada’s lawmakers are attempting a more holistic approach. The Canadian House of Commons’ Standing Committee on Industry and Technology has published a comprehensive report on blockchain technology, including a series of recommendations to the Government of Canada to support […] The post Canadian lawmakers publish recommendations in support of blockchain adoption appeared first on CryptoSlate.

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Bitcoin FOMO is gone, portfolio managers are taking BTC seriously — 3iQ CEO

In an interview with Cointelegraph during Bitcoin 2023, Fred Pye spoke about how Canada’s advanced crypto trading regulation draws investors to the digital assets market.

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Bit Digital turns to Iceland as a tax haven for crypto

In response to the Biden administration's proposed crypto mining tax, Bit Digital has strategically moved a significant portion of its mining machines to Iceland and Canada.

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Canada And Australia Continue Consultation And Research Into CBDCs

According to a May 8, 2023 press release, the Bank of Canada has launched online public consultations to understand the features that could be included in a digital Canadian dollar. The consultation seeks to understand how Canadians would likely use a Canadian digital dollar, what security features are important, and accessibility and privacy concerns. The […]

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Bank of Canada Queries Citizens on Canadian Dollar CBDC, but Opposition Is Building

The Bank of Canada announced on Monday that it is seeking feedback from the public on the digital Canadian dollar CBDC and the features that could incorporate. The post Bank of Canada Queries Citizens on Canadian Dollar CBDC, but Opposition Is Building appeared first on BeInCrypto.

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Bank of Canada seeks public input on CBDC

The Bank of Canada has initiated an online public consultation to gather opinions on the characteristics of a digital Canadian dollar.

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Canada launches CBDC consultation

The Bank of Canada launched an online public consultation on Canada’s Central Bank Digital Currency (CBDC) on May 8, according to the bank’s official website. The consultation services are online and will remain open until June 19, 2023, as the announcement post noted.

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Sphynx Ink and OpenSea Partner for “Winkles & Flam” Digital Collectibles

Toronto, Canada, 27th March, 2023, Chainwire Winkles & Flam™, the ‘Cosplaying Canadian Kitties™,’ are the First Original Cartoon Duo of the web3 space, launching exclusively on OpenSea Drops Sphynx Ink Inc.

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Sphynx Ink and OpenSea Partner for “Winkles & Flam” Digital Collectibles

Toronto, Canada, 27th March, 2023, Chainwire Winkles & Flam™, the ‘Cosplaying Canadian Kitties™,’ are the First Original Cartoon Duo of the web3 space, launching exclusively on OpenSea Drops Sphynx Ink Inc.

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G7 to collaborate on tighter crypto regulation: Report

Leaders from Japan, the United States, the United Kingdom, Canada, France, Germany, and the European Union are expected to outline a global cooperative strategy for digital assets in May.

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Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27

United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central bank digital currency.

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China’s “Instagram” chooses Conflux Network for permissionless blockchain integration

Toronto, Canada, 24th January, 2023, Chainwire Little Red Book, (XiaohongShu), the Chinese version of Instagram integrates Conflux Network as permissionless blockchain allowing users to showcase NFTs minted on Conflux on their profile page in the digital collection section called ‘R-Space’.

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Conflux Network Expands into Hong Kong

Toronto, Canada, 28th December, 2022, Chainwire Dr. Ming Wu, co-founder of Conflux Network, was invited to Hong Kong to speak with various government and private organizations about the digital economy, innovation and technology, and has reached an initial strategic cooperation intention.

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Canada Places Ban on Margin and Leverage Crypto Trading

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Accelerate NFT fast-tracks Web3 adoption in Canada 

Accelerate Financial Technologies announced its acquisition of five blue-chip NFTs for its NFT Fund LP. For the record, the Fund’s digital assets are held in Tetra Trust company’s custody solution.

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Canada launches consultations on crypto, stablecoins, CBDCs

Canada’s government announced it is launching consultations on cryptocurrencies, stablecoins, and central bank digital currencies (CDBCs) to address illicit crypto activities, according to a November 3 mini-budget fiscal update by Deputy Prime Minister Chrystia Freeland.

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Canada includes consultation on crypto, stablecoins, CBDCs in Economic Statement

The Canadian federal government yesterday announced the launch of a consultation paper on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs). The information was revealed in thThe post Canada includes consultation on crypto, stablecoins, CBDCs in Economic Statement appeared first on AMBCrypto.

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Canada to examine crypto, stablecoins and CBDCs in new budget

Canada’s government stated its concerns about the risks digital assets and the digitalization of money may pose to its financial system as a reason for launching the consultation.

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Canada Bolsters Crypto Exchange Offering as CoinSmart Announces Acquisition by Coinsquare

Coinsquare, one of Canada's biggest digital asset trading platforms, is set to acquire 12% of publicly-traded CoinSmart on a Pro-forma basis for $3 million cash and 5,222,222 common shares. The post Canada Bolsters Crypto Exchange Offering as CoinSmart Announces Acquisition by Coinsquare appeared first on BeInCrypto.

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Why Bit Digital Is Expanding Into Canada

Bit Digital Chief Strategy Officer Samir Tabar joined CoinDesk TV’s “All About Bitcoin,” to discuss the mining company’s bid to increase hosting capacity in Canada.

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Blockchain-powered Digital Bank AFRICUNIA to Hold AFCASH IEO on Azbit

Do you know the saying “Innovate today or die tomorrow”? Being at the forefront of technological innovation is another name of AFRICUNIA BANK, a web/mobile-first digital-only decentralized banking app with digital-first customer service headquartered in the United Kingdom and with offices in the USA, Canada, Switzerland, Austria, Nigeria, Zambia, Tanzania, Vietnam, and Suriname.

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Cion Digital enters Canadian market to help car dealers accept crypto

Cion Digital, a crypto-focused firm that seeks to help more people buy cars using their crypto holdings, has expanded into the Canadian market. The company said in an announcement on Monday that its entry into Canada would see auto dealers begin to accept car purchases paid for using cryptocurrency.

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Kevin O’Leary-backed WonderFi to acquire Canadian crypto exchange Coinberry for $38.5M

WonderFi plans to expand its operations in Canada by acquiring digital asset trading platform Coinberry after its recent Bitbuy acquisition.

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How These Web3 Companies Will Turn Canada Into A “Digital Economy” Leader

A group of companies has created the Canadian Web3 Council, a non-profit organization. Aimed at making Canada a “leader” in the digital economy, including blockchain and cryptocurrencies. This organization is comprised of distinguished companies in the sector, according to a press release.

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11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy

The association will champion the creation of a clear digital asset regulatory framework for Canada.

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MIT adds the Bank of England to its stable of CBDC digital currency research partners

The Bank of England will launch a yearlong joint research project with MIT, which is already working with the Fed and Bank of Canada.

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Bank of Canada collaborating with MIT on CBDC research

The bank will work alongside the MIT Media Labs’ Digital Currency Initiative (DCI) team to examine how “advanced technologies could affect the potential design of a CBDC.”

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KPMG Canada buys an NFT after investing in crypto

KPMG in Canada announced that it has completed the purchase of a digital art NFT from the World of Women collection. The post KPMG Canada buys an NFT after investing in crypto appeared first on CryptoSlate.

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Canada, Russia and Crypto's Place in the World

We may be on the cusp of seeing the effect that widely coordinated, government-imposed sanctions have on digital currencies (and currencies’ ability to bypass this type of financial censorship).

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Trudeau’s Government Seeks to Make Expanded Digital Financial Surveillance, Including Cryptos, Permanent

Canada’s PM Justin Trudeau invoked a country-wide Emergency Act against the Ottawa trucker convoy. The Emergency Act criminalizes many things, among them; financing the protestors. To enforce the rule, the government has full authority to freeze bank and crypto trading accounts suspected of aiding the truckers.

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Marketing or belief? Opinions divided as KPMG Canada's treasury adds BTC & ETH

The race to integrate cryptocurrencies into the global banking network is real. The digital asset marketplace recently reclaimed or rather surpassed the $2 trillion mark. The sheer valuation was one oThe post Marketing or belief? Opinions divided as KPMG Canada's treasury adds BTC & ETH appeared first on AMBCrypto.

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The Future of Canada is Crypto As Canadians Favour Crypto Paychecks Over Loonie, Survey Reports

67% of Canadians fancy a crypto paycheck. Over 50% of crypto owners reportedly began showing interest in digital currencies during the 2020 pandemic. BTC, LTC, ETH, ADA and DOGE top the most owned assets in Canada.

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BOSAGORA(BOA), signs business partnership with PIST TRUST

BOSAGORA signed a business partnership with PIST TRUST, a blockchain-based digital asset management platform. BOSAGORA, a public blockchain platform specialized in Metaverse, launched the MetaCity Forum in May, has signed partnerships with promising companies such as AIITONE, BRI (Canada), IBK Securities, KB Capital, Finger, Crowdy, etc.

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Research finds stablecoins and a CBDC can 'have a future together' in Canada

Stablecoins and CBDCs are frequently being discussed of late. Regulators across the world, especially, have been weighing the pros and cons of these digital currencies and their implementation in theiThe post Research finds stablecoins and a CBDC can 'have a future together' in Canada appeared first on AMBCrypto.

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CoinSmart Officially Launches Digital Asset Trading App with Full Off-Ramp Capabilities

CoinSmart Financial Inc. , one of Canada’s leading digital asset trading platforms, has announced the official launch of its new mobile trading app for iOS...

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‘Bitcoin Is Not A Digital Currency, People Do Not Use It’, Bank Of Canada Governor Reckons

Bank of Canada’s governor, Tiff Macklem, says Bitcoin is not a currency. Mike Novogratz agrees, but asserts that Bitcoin is “digital gold. ” Canada still considers Bitcoin to be a commodity for tax purposes and is very open to making regulations for the crypto-industry.

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Bank of Canada's Governor hits out at 'not a digital currency' Bitcoin

Canada has been fairly proactive in its treatment of digital, virtual, and cryptocurrencies. Cryptocurrencies are not legal tender here. However, one can buy goods and services online or in stores.

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Compass Mining Partners With Red Jar Digital Infrastructure To Pioneer Bitcoin Mining In Ontario, Canada

Compass Mining partners with Red Jar Digital Infrastructure to pioneer Bitcoin mining in Ontario, Canada.

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With U.S. SEC's approval still pending, Ark Invest roots for Bitcoin ETF in Canada

Digital assets manager Ark Invest's ARK Next Generation Internet ETF has been under approval review for a few months, and the company has now decided to amend it. As per its latest filing with the UniThe post With U.

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Coinsquare Appoints Martin Piszel as New CEO to Lead the Next Phase of Acceleration in the Digital Asset Sector

Coinsquare, Canada’s leading digital asset and cryptocurrency trading platform, has announced that its Board of Directors appointed Martin Piszel as its new Chief Executive Officer....

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New York Fed president says crypto poses challenging questions for central banks

John Williams responded to a presentation from Mark Carney, the former head of the Bank of Canada and Bank of England, about the potential for issuing central bank digital currencies.

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Crypto in Canada: Where are we today, and where are we heading?

An exploration into the country’s crypto landscape today and what it means for the future of the digital asset industry in Canada.

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QuadrigaCX and missing Bitcoin: Did Gerald Cotten 'fake his own death'?

What happens when a crypto millionaire, the founder of one of Canada’s top crypto exchanges with secret access to $180 million in Bitcoin and other digital assets “dies” at the age of 30 under sThe post QuadrigaCX and missing Bitcoin: Did Gerald Cotten 'fake his own death'? appeared first on AMBCrypto.

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3iQ’s Public Bitcoin Fund (QBTC) Now Trading on Nasdaq Dubai 

Canada’s 3iQ public Bitcoin Fund has officially launched on the Nasdaq Dubai exchange, according to an official statement on June 23, 2021. 3iQ Live on Nasdaq Dubai  After several months in the pipeline, 3iQ, Canada’s largest digital asset investment fund manager with more than CAD 2.

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Expresscoin Expands Into Canada, Offers Debit Card Payments

Digital currency retailer Expresscoin now offers Canadians the opportunity to purchase bitcoin and several altcoins by debit card.

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VanEck’s Latest ETFs Starts Trading on London Stock Exchange and Deutsche Boerse

The index tracks the prices of 26 pure-play digital asset companies, notably Galaxy Digital, Square, Voyager Digital, Riot Blockchain, Nvidia, Silvergate Capital, and others, with the US making up about two-thirds of allocation, followed by China, Canada, Germany, Taiwan, and the UK.

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