Canada proposes national strategy to foster blockchain, digital assets adoption
Canadian legislators recently published a report with 16 proposals to promote blockchain technology and protect individuals’ right to own digital assets.
Latest Canada News
Beware of fake regulators listed by digital asset firms, Canadian regulator warns
The Canadian Securities Administrators says digital asset firms are listing fake regulators to gain credibility and called on investors to be cautious.
Bybit announces exit from Canada citing new regulatory developments
Beginning on May 31, ByBit's new users in Canada won't be able to create accounts, but existing customers will continue to enjoy unrestricted access to the exchange's services.
7 central banks team up with BIS to examine policy issues for CBDC launch
The research paper focused solely on retail central bank digital currencies, which explored potential legal issues and the need to engage with stakeholders for optimum results.
Binance exits Canada citing increased regulation
Binance joins fellow "crypto" exchanges Coinbase and Kraken in exiting the Canadian marketplace as the country tightens its regulatory muscle against unregistered trading platforms.
Bank of Canada launches CBDC consultation
While a digital dollar “is not needed at this time,” the Bank of Canada wants to be ready as it fears digital currencies could threaten monetary sovereignty.
Calgary police team up with Chainalysis for new investigation center
The center will provide blockchain training for law enforcement across the region and offer 24/7 case support for local law enforcement as part of the collaboration, according to Chainalysis.
Paxos exits Canada amid increasing regulatory crackdown
Paxos follows exchanges OKX and dYdX which have announced exits from Canada at a time when regulators have enforced new and tougher regulatory measures.
dYdX exchange shuts down operations in Canada over unfavorable regulations
Users are given a seven-day window to make trades before moving all accounts into “close-only mode,” and in this mode, they will only be allowed to make withdrawals from their accounts.
Binance’s terrible, horrible, no good, very bad week
Receipts are piling up against Binance, while boss Changpeng Zhao is in a race against time to flip the table before his empire implodes and see himself end up like FTX's Sam Bankman-Fried.
OKX point to ‘new regulations’ as reason for Canada exit
Canadian regulators have been shoring up digital currency regulatory loopholes and demanding better from VASPs, and OKX is unable to adhere to the new regulations.
Bank of Canada experiments with offline CBDC payments
Bank of Canada claims that an offline central bank digital currency will allow users to transfer digital Canadian dollars without internet, but certain factors must be considered first.