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Canadian Pharmacy Adopts Blockchain to Standardize Medical Cannabis

Canadian Pharmacy Adopts Blockchain to Standardize Medical Cannabis

Shoppers Drug Mart, a Canadian retail pharmacy, has announced today a collaboration with blockchain-based TruTrace Technologies Inc in an attempt to validate drug quality and protect intellectual property throughout the logistics network. As reported by Yahoo Finance Canada, the collaboration was announced at the World Cannabis Congress in Saint John, New Brunswick. The pilot project, in collaboration with the subsidiary of Loblaw …


Australia Targets Crypto Tax Fraud in 5 Nation Cyber Sweep

The Australian government is in the process of investigating a number of tax avoidance schemes involving cryptocurrency with support from other jurisdictions. This follows an announcement in April by the Australian Taxation Office (ATO) that it was stepping up its database in order to monitor if the correct taxation is being gathered from cryptocurrency holders across the country. Part of …


North America: Crypto and Blockchain News Roundup 13 May to 19th May, 2019

North America

North America Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country. USA Coinbase CEO proposes crypto debit card in USA: Coinbase CEO Brian Armstrong in a recent Live Youtube AMA channel suggested the idea of a crypto debit card in USA and said …


Singapore, Canada Central Banks Conduct First Cross Border Blockchain Digital Currency Exchange

Singapore, Canada Central Banks Conduct First Cross Border Blockchain Digital Currency Exchange

The Monetary Authority of Singapore (MAS) and the Bank of Canada have set the trend becoming the first central banks to use DLT for a digital cross border payment. MAS linked up with its Canadian counterpart Project Jasper via its own pilot payment network Project UBin in a cooperative attempt to lower the cost of cross-border payments via blockchain, and …


Bitcoin Miners Flock to Canadian Provinces with Low Cost Energy

Bitcoin Miners Flock to Canadian Provinces with Low Cost Energy

An article in Bitcoin Magazine is describing how several provincial governments in Canada are making attractive offers to Bitcoin miners, plying them with cheaper electricity thanks to the country’s cool climate and its abundance of hydroelectricity in return for economic gains. Across Alberta, British Columbia, Labrador, Manitoba and Quebec, Bitcoin miners are answering the call. According to a National Post …


Two Canadian Crypto Firm Owners Fight $30 Million Fraud Accusation

Two Vancouver cryptocurrency firms are fighting accusations of fraudulent activity to the tune of USD 30 million involving an initial coin offering. The two company owners, Lisa Angela Cheng and Kevin Patrick Hobbs, are to fight their cases in the British Columbian (BC) courts, after having denied any wrongdoing, claiming they have “never misappropriated funds.” The  B.C. Civil Forfeiture Office’s claim …


Canadian Town Approves Bitcoin Payment for Property Taxes

Canadian Town Approves Bitcoin Payment for Property Taxes

A Canadian town, Innisfil, has started accepting Bitcoin as a payment option for property taxes. In collaboration with Coinberry Limited, Innisfil is Canada’s first such town to adopt this project making it convenient for the locals to pay their taxes and thereby making a milestone decision in the nation’s adoption of digital assets. Although Bitcoin is the only crypto which …


Canadian Police Appeal to Public to Apprehend Bitcoin ATM Fraudsters

Canadian Police Appeal to Public to Apprehend Bitcoin ATM Fraudsters

The Toronto Police Service in Canada has announced that they are approaching the public for information on individuals allegedly involved in scandals related to Bitcoin ATMs (BTMs). Public assistance has been requested by the Calgary Police Service (CPS) Cybercrime Team to identify four culprits, allegedly involved in various fraudulent transactions made within Canada. The culprits targeted only one Canadian Bitcoin firm. In September 2018, …


Canada Revenue Agency’s Crypto Audit Raises Some Hackles

Canada’s tax department appears to be ramping up the pressure on cryptocurrency holders with its latest questionnaire to taxpayers. Canada Revenue Agency (CRA), the government body responsible for tax collection across the provinces has sent out a detailed questionnaire to those suspected of owning cryptocurrencies. The survey targets those who may not have revealed the total and circumstances of their …


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