Bank of Canada pushes for firmer stablecoin regulation
The global stablecoin market capitalization currently stands at an impressive 161 billion, and the researchers from the Bank of Canada pointed out the potential pitfalls.
Latest Canada News
Canada’s securities regulator tightens rules guiding digital asset service providers
Part of the new measures outlined by the Canadian Securities Administrators includes prohibiting service providers from allowing customers to trade digital assets that are considered securities or derivatives.
Quebec blockchain miners may face electricity cuts from grid operators
Hydro-Quebec’s Electricity Supply Plan 2023-2032 report warns that the city’s electricity consumption could spike by an additional 25 TWh in the next 10 years.
Canada to review state of digital assets, stablecoins, CBDC in new budget
The government plans to speak with digital asset service providers, institutional and retail investors, and other government agencies to chart the best course for regulating the industry.
Bank of Canada executive director: No ‘blanket supervisory approach’ on digital payment providers
Instead of a blanket supervisory approach, the Bank of Canada will impose regulations centered on end-user impacts and providing efficient payment services.
IEEE Future Networks World Forum highlights
The agenda’s inclusion of blockchain technology was a driver for a number of the professionals and academics in attendance, especially from an enterprise level perspective.
IPv6—BSV’s perfect blockchain partner
The IEEE event in Montreal in October confirmed what many blockchain enthusiasts have known for a while: IPv6 and Bitcoin on the BSV blockchain were made for each other.
US SEC, Canada’s OSC file charges against $51M security token offering
The regulators allege that Troy Richard James Hogg used his two companies, Arbitrade Exchange and Cryptobontix Inc., to promote and sell Dignity digital asset to investors around the world.
Ontario Securities Commission issues warning against KuCoin, again
OSC published a list of 13 firms targeting Ontario residents despite not being licensed, and for the second time this month, KuCoin is on the list.
Canada’s Newton exchange imposes annual purchase limit on digital assets
Seeking to protect users from buying more assets than their financial positions can handle, one Canadian exchange has limited annual limits, with BTC and ETH exempted.
Canada introduces new pre-registration filing for unlicensed digital asset firms
The Canadian Securities Administrators says that digital asset trading platforms are expected to file a "pre-registration undertaking" while their license application is under review.
Canadian watchdogs join US SEC in Celsius probe: report
The Quebec and Ontario securities watchdogs have joined the probe, with the former especially concerned about the fate of a $150 million investment in Celsius.