Home Tag Archives: Canada

Tag Archives: Canada

Canada Debates Crypto Campaign Donations as Elections Loom

Canada Debates Crypto Campaign Donations as Elections Loom

With the Canadian General Election scheduled for later this year, Elections Canada, the body responsible for overseeing federal political fundraising, is polling the relevant parties on the question of whether campaign contributions could be allowed in Bitcoin or other cryptocurrencies. Elections Canada have posted online that “with interest in cryptocurrency on the rise, political entities have requested guidance on accepting …


Kraken’s Law Enforcement Requests Tripled Last Year

Kraken’s Law Enforcement Requests Tripled Last Year

US-based cryptocurrency exchange Kraken reported that the number of law enforcement requests it received in 2018 was three times that of 2017. The infographic data shared by the exchange cites a total of 475 such requests last year, with a significant majority (315) coming from the US government despite the exchange also operating in Canada, the European Union, and Japan. The Homeland Security Investigations (HSI) …


Canada Urges Cannabis Retailers to Protect Customers’ Data

Canadian authorities are encouraging Canadian citizens to conduct cannabis purchases in cash in order to protect their personal information. The Office of the Privacy Commissioner of Canada has published a document advising Canadian citizens that “adequate physical, technological, and organizational security measures are in place to safeguard personal information,” suggesting that that security protocols “must recognize and respond to the …


Canada’s Lawmakers Seek AML Regulations for Exchanges, Wallets

Canada's Lawmakers Seek AML Regulations for Exchanges, Wallets

Canadian lawmakers are calling for tighter cryptocurrency regulations to cover anti-money-laundering (AML) and illegal activity. Canada’s move towards further cryptocurrency regulation and transparency reflects the growing trend with governments around the world to tighten the regulatory grip on the industry. The US Securities and Exchanges Commission (SEC) has been particularly active this year in tracking down and prosecuting fraudulent cryptocurrency …


One of the Largest Cryptocurrency Mines in North America Begins Hashing

One Of The Largest Cryptocurrency Mines In North America Begins Hashing

After months of planning, DMG Blockchain Solutions has begun mining for cryptocurrency at one of the largest cryptocurrency mines in North America. The mine is in a 27,000 square foot building in British Colombia, Canada, and has begun operations with 60 MW of power, with plans to ramp up to 85 MW – all clean hydroelectric energy that is off-grid. This …


Canadian Digital Safety Deposit Box Launches for Crypto Firms

Canadian Digital Safety Deposit Box launches For Crypto Firms

Canadian bank VersaBank announced on Thursday that its digital safety deposit box is ready for use by cryptocurrency firms. The VersaVault project is “initiating commercialization of its services” after successfully completing beta testing, a press release reports. The custody solution can be used to “securely” store cryptocurrency assets, while the bank says it will also provide multi-signature services for digital currency investment funds …


Canada Gets First Bitcoin-Backed Loan Service for Businesses, Consumers

Canada Gets First Bitcoin Loan Service For Businesses, Consumers

Ledn Inc has become the first company to offer Canadian dollar loans to businesses or individuals accepting Bitcoin as collateral. Founded by Bitcoin bull Mauricio Di Bartolomeo, Ledn is attempting to fill a gap in the market for Canadian citizens who need to borrow money but are unable to do so for whatever reason through the traditional banking sector. Bitcoin is a …


Canada Looks to Simplify Cross Border Trade With DLT

Canada Looks to Simplify Cross Border Trade with DLT

The Canada Border Services Agency (CBSA) is turning to DLT in order to streamline its services and raise efficiency. Currently, the CBSA processes as many as 14,000 trucks, 127,400 courier shipments, 58,600 commercial releases, and 240,000 mail items every day. In an attempt to improve these services the Border Service has linked up with a blockchain-based digital shipping firm, TradeLens. …


Election day in Québec: Where Does Crypto Mining Go from Here?

Election day in Québec: Where Does Crypto Mining Go from Here?

The Canadian French-speaking province of Québec goes to the polls today, but what could this mean for the future of the region’s vibrant cryptocurrency mining economy? The outcome of the 1 October parliamentary elections could have a significant impact on the future of Bitcoin mining, as the incumbent Liberal government clings on to power by a thread. The parties in …


Canada’s Coinsquare Seeks Status as Most Trusted Crypto Exchange

Canada’s cryptocurrency trading platform Coinsquare has set its sights as exchange top-dog as it reveals that it is to get support from a Canadian Big 5 bank. Big Five is the name colloquially given to the five largest banks that dominate the banking industry of Canada: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank …


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