Tag: Canada

“Canada punches above its weight” in blockchain innovation, parliamentarians conclude, but lots more should be done to encourage the industry. A Canadian House of Commons committee report has recommended that the country “recognize blockchain as an emerging industry” and take all the steps that entails. There are a lot of steps needed, it said. The…

“Fake” regulatory and dispute resolution entities are being used to make some crypto providers look legitimate, warns the Canadian Securities Administrators. Canadian citizens are being advised to double-check crypto trading service providers, as the platforms may be using “fictitious” regulatory bodies to boost their credibility. According to a June 20 Investor Alert from the Canadian Securities Administrators,…

From China to Canada, it’s clear that governments around the world are salivating at the prospect of introducing currencies they can manipulate hassle-free. Arguing over the prudence and implications of issuing a central bank digital currency (CBDC) in the United States has seemingly become one of Washington’s favorite icebreakers. As Congress considers the question, it is critical…

Evidence found that Australians were one of the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in Israel. Australian residents have been identified as one the primary targets of a sophisticated network of cryptocurrency call-center scammers — which are suspected to be run by Israel-based crime bosses. Evidence uncovered…

The country of Canada is generally quite welcoming of new and unconventional enterprises, and the cryptocurrency business was no exception, enjoying significant freedoms in the Great White North. However, the “excessive financial freedom” it creates concerns the Canadian authorities no less than it does their American neighbors. You may have missed it, but Canada, over…

This week, several central banks at once released announcements regarding national digital money. Financial regulators of Canada, India, and Nigeria made moves toward launching their own central bank digital currencies (CBDCs). The Central Bank of Nigeria (CBN) has this week redoubled its investment and research into crypto’s underlying technology, blockchain, and has set a clear…