2019-7-11 13:20 |
Canada has updated its anti-money laundering rules, classing crypto exchanges as MSBs and mandating financial compliance and reporting.
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Reassurance for Canadians: Cryptocurrency exchanges across the nation will now only have to report transfers of more than CA$10,000 ($7,663). It comes after the Canadian government relaxed some of its new anti-money laundering regulations following feedback from payment service providers and cryptocurrency exchanges.
2019-7-11 15:50 | |
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Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018.
2018-10-13 23:34 | |
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A recent survey by KPMG in Canada and the Canadian Association of Alternative Assets and Strategies (CAASA) shows a notable increase in the adoption of cryptoasset products and services by financial organizations and institutional investors in Canada.
Cryptocurrency exchange Binance is embroiled in a legal battle in Canada as it faces a class-action lawsuit for allegedly breaching local securities laws. The lawsuit, filed in Ontario’s Superior Court of Justice, accuses Binance of selling crypto derivative products to retail investors without proper registration, contravening the Ontario Securities Act (OSA) and federal law. The […]
British Columbia authorities are intensifying their efforts to hold individuals accountable for their involvement in the collapse of QuadrigaCX, a cryptocurrency firm that left thousands facing substantial losses.
Canada, quicker to adopt ETFs than the U.S., may offer a signal to where the U.S. goes next.
Photonic’s founder and Chief Quantum Officer says the company can bring a quantum computer to market within the next five years.
According to customer emails, the changes will go into effect starting Nov. 30.
WonderFi has announced a strategic partnership between its subsidiary, Bitbuy Technologies Inc., and Localcoin, the largest Bitcoin ATM provider in Canada. Under this partnership, Bitbuy’s digital asset services will now cover up to half of the Bitcoin ATMs in the…