Manitoba's Minister for Justice, Kelvin Goertzen, announced in a press release that CAD100,000 (almost US$78,000) has been approved for the WPS from the Manitoba Criminal Property Forfeiture Fund.
The OSC listed KuCoin, FX-BTC Trade, and others in its latest warning list of firms targeting Ontario residents even when they are not licensed to operate.
The Ontario securities watchdog also slapped a $1.9 million fine on Bybit, claiming that the two operated unregistered digital asset trading platforms in the province.
Bitfarms is "adjusting its HODL strategy" by selling off almost half its BTC reserves, a move that reflects the struggles BTC miners have faced in recent weeks to remain profitable as prices sank.
Carolyn Rogers said that the digital assets industry is still relatively small, but the central bank will not wait for it to get bigger before implementing regulations.
The Canadian digital currency exchange is the latest to experience unscheduled ‘downtime’ during a ‘crypto’ crash, further underscoring the need for customers to maintain personal custody of their digital assets.
TAAL Distributed Information Technologies Inc. announces the completion of the sale and partnership plans for its 60,000 sq/ft facility in New Brunswick.
Nine months ago, the cryptocurrency exchange announced it would leave Ontario following a regulatory crackdown, only to later claim it can operate even without the watchdog’s approval.
Sebastien Vachon-Desjardins is accused of conspiring to damage a protected computer to transmit a ransom demand intentionally, according to the U.S. Department of Justice.
Canada’s Prime Minister Justin Trudeau enacted the Emergencies Act, aiming to freeze the bank accounts of the trucker protesters, and wants to go further by also freezing Bitcoin transactions.
The CEOs of cryptocurrency exchanges Coinbase and Kraken may find out the hard way that there’s a price to be paid for talking tough on Twitter.
As the price drops, BTC’s ineptitude is becoming more widely understood, especially as it continues to demonstrate its failure as ‘digital gold’ situations where it should shine.
