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Canada Steals Crypto Startup From the U.S. With Less Stringent Laws

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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.

Unclear U.S. Regulations to Blame for the Move

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.  Read more...

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Cblocks Moves to Canada Citing Regulatory Hurdles

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Cblocks Moves to Canada Citing Regulatory Hurdles

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 to Relocate to Canada

Cblocks Moves to Canada Citing Regulatory HurdlesCblocks, 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.  Read more...

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Blockchain Asset Company Huobi Group Announces Expansion to Canada

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Blockchain Asset Company Huobi Group Announces Expansion to Canada

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.  Read more...

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Canada Keeping Their Eye on Unauthorized Exchanges

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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.  Read more...

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How to Buy Bitcoin in Canada: 7 Options Reviewed

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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 […]

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Canada Gives the Greenlight to First Blockchain ETF

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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.”

Leading the Charge

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.

 Read more...

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Canada: ‘No Tax Changes’ For Bitcoin As Govt. Unveils Blockchain ID Scheme

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Canada has unveiled a government Blockchain identity prototype while declining to change Bitcoin tax rules at the World Economic Forum (WEF) 2018.

‘We Don’t Plan Any Overhaul’ – Finance Minister

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.  Read more...

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