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Canadian Regulator Green-Lights Bitcoin Fund IPO

The Bitcoin Fund’s initial public offering (IPO) filing has been accepted by Canada’s Ontario Securities Commission. Despite previously rejecting it, the Canadian regulator finally accepted the fund’s IPO prospectus after a public hearing and a favorable ruling, the news.bitcoin.com reported. The Bitcoin Fund IPO Crypto-focused Canadian investment fund manager 3IQ Corp. announced on Thursday that […]

Coinsquare Crypto Exchange Launches Canadian Dollar-Backed Stablecoin

Coinsquare, one of Canada’s top crypto exchanges, will be launching a stablecoin backed by the Canadian dollar dubbed eCAD, according to a press release on April 4. The new coin will purportedly be backed at a 1:1 ratio with Canadian dollars. Coinsquare states that the new coin will be a reliable and stable store of value that provides […]

Canadian Municipality Set to Accept Bitcoin for Property Tax Payments

A municipality in Canada is set to accept bitcoin for property tax payments starting next month as part of a one-year trial, the CoinDesk reported. The Town of Innisfil, Ontario, announced Thursday that the cryptocurrency payment option will be offered in partnership with Toronto-based digital assets trading platform Coinberry. Starting April, approximately 36,000 residents of the town […]

From Law to Lawlessness: Bits of the Untold QuadrigaCX Story

Christine Duhaime, BA, JD, CAMS, practices law with Duhaime Law in Vancouver. The original article is published at the CoinDesk. Many of the stories being told about the early operation of the digital currency exchange, QuadrigaCX, are based more on fiction than fact. How do I know? I know because in 2015, I was QuadrigaCX’s […]

Canada Digital ID System Could Use Blockchain to Secure Data, Says Banking Executive

As the CoinTelegrapn announced on January 16, Canadian banking group supports the idea of using blockchain technology as part of a digital ID system for residents, national news agency The Canadian Press reported via various local media outlets on Jan. 15. Speaking during a presentation at the Economic Club of Canada in Toronto, chief executive of the Canadian Bankers Association (CBA) Neil […]

Canadian House Finance Committee Recommends Crypto Regulation to Prevent Money Laundering

The Canadian House Finance Committee has recommended that the government start regulating cryptocurrencies to prevent money laundering, Canadian digital newspaper iPolitics reports Nov. 14. According to iPolitics, the Canadian House Finance Committee suggested that cryptocurrencies should be regulated during its review of the Proceeds of Crime Money Laundering and Terrorist Financing Act (PCMLTFA), which occurs once every five year. […]

Canadian Bitcoin Mining Firm Hut 8 Sees Record High Revenue in Q3 2018

Canadian Bitcoin (BTC) mining company Hut 8 has reported record revenue in the third quarter (Q3) of 2018, according to the company’s quarterly financial report published Nov. 8. Hut 8, which claims to be “the largest” public crypto mining company by operating capacity and market capitalization, has revealed its financial results for Q3 of this year, stating that its revenue […]

Crypto Canada: From ETFs to ICOs, Visiting the Country of Wolverine and Vitalik

Comedians from the United States are quite used to making fun of Canada, depicting their neighbors as some sort of peaceful simpletons, with the series South Park as probably the prime example. However, even if you ignore that Wolverine — the toughest of all the X-Men — is Canadian, you should revise this worn-out cliché, considering how […]