#1 Source For Bitcoin And Altcoin News
Canada has set the pace as the first government to ever approve an exclusive bitcoin mutual fund. This builds upon its reputation as a friendly environment for emerging technologies. The atmosphere in Canada seems to be freer and more conducive to innovation in this field, based on the numerous developments that the industry has experienced
The post Bitcoin Mutual Fund CEO Explains Why Canada is More Blockchain-Friendly than the U.S. appeared first on CCN
As Canada prepares to legalize recreational marijuana next month, the impact this will have on online drug marketplaces has remained unclear. Consequently, the Department of Public Safety Canada is looking to commission a study that will shed light on the cryptomarkets – online drug marketplaces that rely on the TOR browser and cryptocurrencies – with
The post Canada to Study Cannabis Cryptomarkets Ahead of Recreational Marijuana Legalization appeared first on CCN
Wirex, the popular European crypto card provider, has announced it’s expanding to Canada and we have the details covered in The Daily. Also in the rubric, the Coin Stats mobile app now synchronizes transactions from several exchanges, a coin claiming to have AML and KYC features is listed on a major exchange, and the UK government is asked about its assessment of recent crypto market developments.
Also read: Binance Tests Fiat Exchange, Russians Mull Crypto Platforms
In the Ontario province of Canada, holds the town of Midland which has a population of more than 16,000 people and has recently had its computer systems hacked and infected with ransom malware.
The town of Midland has come to conclusion that they are going to meet the hackers wants and pay them (as per their demands) in Bitcoin, in order to get the computer system up and running again.
The attack on the towns computer systems left the town with ineffective computers for around 48 hours which ruined the processing of payments, issuance of permits, email services, marriage applications and reloading of transit cards.
First Block Capital Inc., a Canadian cryptocurrency and blockchain investment company, has announced that its bitcoin trust, FBC Bitcoin Trust, has achieved mutual fund status in Canada, allowing investors to place funds in registered accounts such as a Tax Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP). The trust is available on NEO
The post Bitcoin Mutual Fund Launches in Canada appeared first on CCN
Kraken exchange has been forced to comment on a persisting rumor that a Halifax, Canada office of the crypto exchange was shut down following a security breach resulting in the loss of hundreds of jobs. A post on Reddit made by ‘throwaway34032324’ yesterday states: “Kraken Currency exchange in Halifax unit 102 at 60 Highfield park
The post Crypto Exchange Kraken Denies Security Breach and Office Closure in Halifax, Canada appeared first on CCN
Netcoins, an over-the-counter (OTC) brokerage and virtual ATM software company, announced this week it was enabling bitcoin cash (BCH) for immediate access purchase. For BCH enthusiasts, that’s 21,000 locations, covering Canada, Europe, and Australia where the decentralized currency is now available.
Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug
“Adding BCH brings us to having 6 of the top 7 coins available via Netcoins. With just EOS left among the top 7 coins, we are giving investors a compelling reason to use the Netcoins network for all their crypto needs, whether via OTC or via our strong retail network,” announced Netcoins CEO Mark Binns.
The Canadian government has postponed the release of its final regulations for cryptocurrency and blockchain companies. The final published regulations were due this fall, but the government now says they won’t be published in the Canada Gazette until late 2019.
Because the federal government is already in pre-election mode ahead of the 2019 election, the final cryptocurrency or “virtual currency” regulations have effectively been put on hold, leaving the current regulatory regime in place until well into 2020, as there is an additional 12-month period after publication for any new regulations to take effect.
Chinese exchange Huobi and its partners are launching cryptocurrency exchanges in five regions: the Philippines, Russia, Taiwan, Indonesia, and Canada. Partners “share Huobi’s order integration system, wallet system, asset management and clearing systems.” The exchange in Manila has launched with trading in three markets with over 40 trading pairs.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Chinese digital asset and service provider Huobi has announced that it has chosen five partners to launch cryptocurrency exchanges in five regions.
In recent mining news, AMD has reported declining sales of mining hardware during the second quarter of 2018, Hut 8 has claimed to now comprise the largest bitcoin mining company in Canada by operating power following the construction of its second facility, and Chinese authorities have shut down what they have described as “illegal” mining operations taking place in the autonomous Xinjiang Uyghur region in the country’s north-west.
Also Read: Binance Prepares to Enter the South Korean Market
Major manufacturer of graphics cards (GPUs), Advanced Micro Devices (ADM), has become the latest mining chip maker to report declining sales during Q2, 2018.
Canada has seen an increase in its bitcoin ownership rate from 2.9 percent in 2016 to 5.0 percent in 2017. Usage trends have also shifted, with most Canadians now holding bitcoin primarily for investment purposes.
The Bank of Canada has released its findings from a two-year long study that was completed to better assess Canadians’ usage and adoption of Bitcoin. The study, which began in 2016, followed central bank chief Stephen S. Poloz’s cautionary advice:
Cryptocurrency’ is a misnomer—‘crypto,’ yes, but ‘currency,’ no.
CBlocks, a Miami based-based cryptocurrency startup is moving to Canada to avoid regulatory trouble in the United States. The firm has been unable to obtain clear legal guidance concerning its status, hence the move. Cryptocurrency laws in Canada are a lot less stringent than in the United States.
According to the firm’s co-founders, they are not sure of how the regulatory agencies would classify the company. They even reportedly hired two lawyers from different firms, all to no avail. Both lawyers couldn’t come to a consensus regarding the status of the company under current U.S. regulations.
Miami-based Cblocks has announced that it will relocate to Canada, citing a lack of regulatory clarity regarding cryptocurrency in the United States as the principal catalyst for the move.
Also Read: South Korean Top Regulator Considers Easing Cryptocurrency Regulations
Cblocks, a Miami-based company that generated $ 32,000 in a month through selling beginner traders mystery boxes of assorted cryptocurrencies, has announced its intention to move to Canada.
Cblocks has cited regulatory hurdles as the principal reason for the relocation, claiming that lawyers from two different legal firms were unable to determine the precise legal classification and legislative apparatus governing the company’s operations.
On May 4, 2018, at EDCON in Toronto, Canada, the Huobi Group announced its plans to expand to the Canadian market with a fully operational office in Toronto by the end of the year. This expansion marks the blockchain asset company’s second move into North America this year after setting up operations in San Francisco, and it comes just weeks after Huobi announced it would be opening European operations with an office in London, as well.
Provincial securities regulators in Canada won’t take a radically different approach to the U.S. SEC in analyzing whether tokens are securities.
CoinDesk
Due to complaints received, the Ontario Securities Commission in Canada is in the process of investigating crypto exchanges in a bid to ensure that they are adhering to the country’s securities laws.
The amount of different digital currencies available to trade has increased exponentially since Bitcoin was developed in 2009. In fact, the latter went from being the dominant crypto to being responsible for less than 50% of the total market cap.
This variety of virtual currencies, and their drastic price increases in 2017, has opened up the market to anyone who can afford to invest, novice or not.
The post How to Buy Bitcoin in Canada: 7 Options Reviewed appeared first on 99 Bitcoins.
This guide will show you where to go about buying Bitcoin in Canada. It’ll also explore the legality and popularity of this cryptocurrency in the country. Is Bitcoin legal in Canada? While digital currencies aren’t considered legal tender, Bitcoin is legal in Canada. According to the Government of Canada website, tax rules do apply to […]
Following the approval of Canada’s first blockchain ETF (exchange-traded fund), companies are eager to launch their own blockchain ETFs, well aware that the revolutionary technology is “here to stay.”
Harvest Portfolios’ plan to launch Canada’s first blockchain exchange-traded fund (ETF) has officially been greenlit.
The Ontario Securities Commission has approved of Harvest Portfolios’ plan to launch the country’s first blockchain ETF, appropriately titled Blockchain Technologies ETF. The new venture will carry the HBLK ticker, as well as a management fee of 0.65 percent.
Canada has unveiled a government Blockchain identity prototype while declining to change Bitcoin tax rules at the World Economic Forum (WEF) 2018.
As multiple sources report Monday, the country’s finance minister, Bill Morneau, said the government “has no plans” to change tack on how cryptocurrency is treated under Canadian tax law.
“We don’t have any specific Bitcoin or cryptocurrency overhaul,” he told Bloomberg on the fringes of the event.
The comments contrast with those of central bank chief Stephen S. Poloz, who, in a presentation in December, called Bitcoin one of the things that “keeps him awake at night” and cautioned on investment.
