Bitcoin adopters more likely to carry hard cash: Bank of Canada

2019-11-9 22:00

Recently, the Bank of Canada published its 2018 Bitcoin Omnibus Survey to assess awareness of the king coin and its usage among Canadian citizens. The report utilized logistics regression to analyze tThe post Bitcoin adopters more likely to carry hard cash: Bank of Canada appeared first on AMBCrypto.

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5 Countries Team up to Combat Tax Fraud From Cryptocurrencies

A new taskforce involving five countries’ taxation regulators was announced on Monday, July 5.  The announcement by the Inland Revenue Service (USA) will aim to increase cooperation between the United States of America, the Netherlands, Australia, Canada, and the United Kingdom in order to combat crimes committed using cryptocurrencies, specifically tax evasion.

2018-7-9 14:59


Canadian Crypto Owners Love It For The Technology, Not The Speculation

An official survey by the Ontario Securities Commission (OSC) has confirmed Canada’s technology city has a deep interest in the technology behind cryptocurrency, than its financial outcomes. The financial trading regulatory body in Ontario had asked over 2500 Ontarians to provide input on their interpretation of the popular virtual currencies such as bitcoin.

2018-7-5 21:36


Kraken Says Bloomberg is Tweaking Bitcoin’s Futures

A recent article posted by Bloomberg extensively highlights the anomaly in Kraken’s trading platform, which aligns with multiple reviews expressed by other traders. Kraken, the US-based cryptocurrency exchange operating in Canada has  responded to the the suggestions stating that Tether, one of the most widely used digital coin is consistently defying normal trading movement.

2018-7-3 21:43


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Proposed Regulations Could Cause Major Shifts in Canadian Crypto Businesses

Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas.

2018-6-13 20:24


Canadian Exchanges Reports Transactions Over $10k per Proposed Regulations

Once the proposed regulations are implemented, every transaction above $10,000 CAD will have to be reported. Also Read: Bitcoin in Brief Monday: Korean Exchange Hack Takes a Toll on Crypto Markets Crypto Exchanges to Report as MSBs The Department of Finance Canada has issued a Regulatory Impact Analysis Statement regarding proposed amendments to the country’s AML/ATF

2018-6-12 02:07