Régie de l’énergie approved Hydro-Quebec's proposal to have cryptocurrency miners pay CAD0.15 per kilowatt-hour, which is double the price that residential and other utility customers are required to pay.
Hut 8, a cryptocurrency mining company, just cut the ribbon on its second facility in Canada, making the company now the second largest mining outfit in the world by capacity.
Canada becomes only the second country (after Uruguay) to legalize recreational marijuana use, ending nearly a century of nonsensical prohibition.
PayStand, the B2B payment platform for the future of business, today announced that it has expanded its digital platform into Canada to support domestic B2B commercial payments and deepen its global payments infrastructure.
Crypto businesses in Canada will be required to cooperate with current regulations that require reporting large transactions of more than US$7,700, among others.
Canadian banks Simplii Financial and the Bank of Montreal were on damage control after hackers reportedly bypassed their security and stole the data of tens of thousands of the banks’ clients.
The moratorium was imposed in March on grounds that the industry “could absorb a large amount” of Quebec’s surplus energy, resulting in limited cryptocurrency mining activities in the Canadian province.
Canadian companies in the cryptocurrency sector are begging for the government to take a stand and bring the industry to heel.
The Ontario Securities Commission has warned the public about BTCReal, BitSerial, Hypercube Ventures LP, CabinCoin OÜ, and BaapPay Inc.
Fed up with regulatory uncertainty over cryptocurrencies in the United States, Miami-based company CBlocks is moving to Canada in the near future.
Canada's Bitfarms has merged with Israel-based Blockchain Mining Ltd. to form one of the world’s largest mining outfits.
Bank of Montreal has decided that its clients aren’t capable of making their own decisions and will be blocking any and all transactions related to cryptocurrency.
