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canada News and Articles



Canada

Canadian investors withdrew the largest amount of capital from crypto funds

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According to CoinShares, the withdraw of crypto funds amounted to almost $423 million during the last week. Moreover, the largest outflow of capital from products focused on digital currencies fell on the share of Canadian institutions. The digital asset management company has seen a lot of capital...

Ontario Securities Commission crypto

Canada Took Enforcement Actions Against KuCoin and Bybit

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Canadian monetary authority OSC (Ontario Securities Commission) published a release saying digital asset exchange platforms Bybit and KuCoin haven't complied with the securities laws. According to the publication, the platforms were not compliant with laws as they enabled Canadian residents to...

Canada Central Bank Crypto

Canada’s CB Says Regulators Need to Keep Up with the Crypto Growth

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A senior official at Canada’s Central Bank said the number of residents who own crypto is growing fast and efforts to regulate the industry need to keep pace with the developments. During an interview with Reuters, the Bank’s Senior Deputy Governor Carolyn Rogers said the area is still small,...

Binance Ontario Canada

Binance Will Stop Operations in Ontario, Canada

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Crypto exchange Binance released a document, confirming to the Ontario Securities Commission that it ceases opening new accounts for Ontario residents. With some exceptions to protect investors, the exchange will cease trading in existing Ontario accounts. It will also provide fee waivers and...

cryptomats

USA and Canada lead ranking of countries with the number of cryptomats

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North American countries continue to lead the world in terms of installed bitcoin ATMs. According to CoinATMRadar, 32,150 and 2,359 terminals are ready to serve digital currency holders in the US and Canada, respectively. The top five countries also include Spain, El Salvador, and Poland. The...

Canada

The Government of Canada will start tracking crypto transactions

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The Canadian authorities intend to put into practice the "Emergencies Act", which, among other things, will allow the government to block the bank accounts of citizens and track the crypto transactions of Web users. According to reports, the adoption of such drastic measures by senior...

Bitfinex crypto

Bitfinex Closes Ontario Users Accounts

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Bitfinex, the 8th largest crypto exchange by trading volume, published a notice on Jan. 14 for Ontario (Canada). The team said that from March 1, 2022 services will become unavailable for Ontario customers. Bitfinex has started some actions. Accounts that have no balances on the market will be...

Canada

CB of Canada sees no threat to the economy from cryptos

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The Bank of Canada believes that no threats to the state's economy come from cryptocurrency. The position of the regulator was announced by its official representative Paul Baudry. The share of crypto payments is so low that their impact on the financial sector is hardly felt. However, the official...

Canada

The Central Bank of Canada reiterates the risks of investing in BTC

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The Bank of Canada has had a negative attitude towards Bitcoin and other cryptocurrencies over the past few years. Back in 2019, the head of the Central Bank Stephen Poloz noted that it is better to use fiat money, not BTC. A similar statement was published by the Canadian regulator at the end of...

Argo

Argo Blockchain got green data centers for mining in Canada

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Argo Blockchain has bought two data centers in the Canadian province of Quebec. The facilities previously owned by GPU.one are using the power of the local hydroelectric power plant. The total capacity of the data centers is 20 MW. They already house "a significant portion" of the Argo...

Ethereum ETFs approved

Primary Ethereum ETFs Authorized in Canada

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Canada was the first country to approve BTC ETFs in February. Now, it became the first to authorize Ethereum ETFs too. Today, April 17, the republic's regulators granted three requests: They come from Purpose Investments, Evolve ETFs, and CI Global Asset Management. The first two firms were the...

BTC ETF

Canadian regulator approved the launch of third BTC-ETF fund

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The third Bitcoin ETF will be launched in Canada this week. The output will be available to investors on the Toronto Stock Exchange tonight, under the ticker BTCX. The SEC has allowed a Bitcoin ETF initiated by CI Global Asset Managemen. Recall that in February, two bitcoin-oriented crypto funds...

BTC ETF approved in Canada

The Purpose Bitcoin ETF Allowed by Canada

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The monetary regulatory executive of Canada's most populated province Ontario has given its approval to a Bitcoin ETF (exchange-traded fund). ETF is a security category that involves a combination of securities—such as stocks. However, they can invest in numerous industry fields or use different...

Coinbase

Coinbase will open a branch in Canada

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The largest American cryptocurrency exchange Coinbase announced the expansion of its staff in connection with the opening of a branch in Canada. That is stated in the company's blog. At the first stage, the exchange posted 19 vacancies for technical and HR positions. In the future, the list will be...

Canada Bitcoin fund

Galaxy Digital Launches New BTC Fund in Canada

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Bitcoin price is going up achieving new highs. Galaxy Digital also saw massive growth in its Bitcoin fund trading volumes in Q3 2020. Recently the founder and CEO of the company Mike Novogratz announced that they are extending services in Canada along with CI Global Asset management. The CI Galaxy...

Central bank of Canada

The Central Bank of Canada Taking Actions Towards CBDC

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The Bank of Canada is going to hire an economist with a profound knowledge of financial operations and digital currencies. This is connected with the Canadian Central Bank Digital Currency (CBDC). According to the job announcement, the economist will be responsible for monitoring and analyzing the...

Canada

Cryptocurrency regulation rules go into effect in Canada

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In Canada, on June 1, amendments to the law on financial services that control the activities of crypto firms in the country entered into force. “Financial services now include Canadian and foreign companies that conduct operations with virtual currencies. These operations include services for...

Bitstamp and Gatehub court

Crypto investor sues $4.9 million against Bitstamp & Gatehub

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Salim Satir, an investor from Canada, considered himself to be affected by the deliberately false information that Bitstamp and Gatehub exchanges placed, which resulted in losses of $4.9 million. He intends to recover this amount from exchanges through the High Court of England and Wales, Law360...

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