Circle Balances Compliance, Efficiency with Layoffs
The first significant stablecoin to adhere to Canadian laws governing digital assets is Circle’s USDC. Amidst continuous claims of…
Tether Helps Police Recover Stolen Crypto in Canada
Recently, Tether helped the Ontario Provincial Police recover cryptocurrency valued at $10,000 CAD Tether’s cooperation with the…
Gemini’s Canada Exit Sparks Crypto Exodus
The users of Gemini in Canada, a cryptocurrency exchange created by Cameron and Tyler Winklevoss, were informed that the platform would close…
Bitfarms Adopts New ‘Poison Pill’ After Tribunal Terminates First
Bitcoin miner Bitfarms adopted a second ‘poison pill’ on Wednesday after a Canadian tribunal halted the first to prevent Riot…
Cash Dominates as Canada Adopts Crypto
For two years in a row, Canadians have shown a strong preference for cash and card payments for day-to-day purchases over crypto. Fewer than…
Hong Kong Showcases Crypto, Web3 in Toronto
A Toronto ETO official stated that Canadian crypto and Web3 ventures could benefit from “lower taxes” and regulations that are…
Binance to Appeal $4.4M Fine from Canadian Regulator
Binance announced plans to exit the Canadian market in 2023 but may still face a $4.4M enforcement fine from the Canadian regulators. In May,…
FTC Issues Urgent Warning Over Rising Crypto Romance Scams
The Federal Trade Commission (FTC) of the United States has issued a consumer warning about cryptocurrency-related romance scams, urging…
Canada Imposes $4.4M Fine On Binance for AML, CFT Violations
From June 2021 to July 2023, FINTRAC reported that Binance facilitated 5,902 distinct cryptocurrency transactions worth $10,000 or more while…