Canada

Paxos exits Canada amid increasing regulatory crackdown
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14 April, 2023

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...
dYdX exchange shuts down operations in Canada over unfavorable regulations
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11 April, 2023

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,...
OKX point to ‘new regulations’ as reason for Canada exit
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22 March, 2023

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...
Bank of Canada experiments with offline CBDC payments
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4 March, 2023

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...
Canadian securities watchdog passes new rules for VASPs, demands swift compliance
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26 February, 2023

Canadian securities watchdog passes new rules for VASPs, demands swift compliance

To safeguard investors, Canada enhances its regulatory control of VASPs, which includes restricting them from offering stablecoins to customers and...
Hydro-Quebec CEO behind push to ban new power allocation to BTC miners to leave post
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28 January, 2023

Hydro-Quebec CEO behind push to ban new power allocation to BTC miners to leave post

Sophie Brochu has been the CEO of Hydro-Quebec for three years and during her tenure, she called on regulators to...