Canada moves toward AI strategy for government operations
The AI blueprint, expected to be released in Q3, will cover AI solutions for the government and ensure that initiatives are created to benefit the general public and businesses.
Latest Canada News
Canada to enforce new ‘crypto’ tax guidelines by 2026
Canada has pledged to enforce the Crypto-Asset Reporting Framework (CARF), which aligns with OECD standards, one year before they take effect globally.
Binance kicks off embarrassing week with class action lawsuit in Canada
Legal hurdles continue to hound Binance after being hit with a class action lawsuit in Canada for allegedly breaching securities laws, while its app in the Philippines looks to be taken down.
CBDC anonymity will impact bank lending: Bank of Canada
If the CBDC’s anonymity is sufficiently high, it will lure low-quality entrepreneurs as commercial banks cannot access their inflows, and vice versa.
Hut 8 shuts down Alberta site amid surging power costs
Hut 8 cited rising electricity costs and constant power disruptions as reasons for the closure, relocating its rigs to another site in Medicine Hat, Canada.
Bank of Canada: CBDC with nationwide service locations will slice 12% of bank deposits
The central bank dismissed fears that a CBDC would disintermediate banks as the extra services they offer, like mortgages and credit cards, would retain clients.
Canada wants to ban NFTs, restricts digital asset investments for mutual funds
Canada’s securities watchdog has published updated guidelines on digital assets for mutual funds, prohibiting investment in or holding digital assets directly.
Canada’s ATB Ventures advances blockchain ID solution with Flinks partnership
As per an official statement, the partnership will involve Oliu, ATB Venture's digital ID solution, relying on Flinks' API bank connections network to verify users' identities seamlessly.
AI regulation on top of Italy’s priority list as it takes on G7 presidency
Italy, as the new G7 president, prioritizes AI regulation for industry innovation, with Prime Minister Giorgia Meloni planning a dedicated session before the G7 summit to establish cohesive regulations.
Canadians still don’t like CBDCs
More Canadians still prefer cash over a central bank digital currency, citing the latter's risks when it comes to privacy, accessibility, and financial stability, according to findings of a public consultation.
Canada’s OSFI seeks feedback on banks’ ‘crypto’ disclosures
The Official of the Superintendent of Financial Institutions wants the public’s input on a proposal to have all federally-regulated financial institutions publicly disclose their exposures to ‘crypto-assets.’
Canada flags deepfakes as a societal threat
The Canadian Security Intelligence Service warns of deepfake threats to Canada's democracy, emphasizing risks to values, citing rising fraud cases, and urging swift regulatory action.