Key Takeaways In a major development, Canada’s federal government is pushing to prohibit cryptocurrency donations to political campaigns, introducing legislation that groups digital assets alongside money orders and prepaid payment products as funding channels that are difficult to trace. Bill…
Key Takeaways Canada’s financial intelligence unit has stripped 23 crypto-related money services businesses(MSBs) of their operating registrations. Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), which oversees the registration and compliance of money services businesses across the country, said…
Key Takeaways The Canadian Investment Regulatory Organization (CIRO) has announced that cryptocurrency funds will not be eligible for reduced margin rates due to concerns about volatility, liquidity risks, and regulatory uncertainty. This decision, released on February 5 as part of…
Key Takeaways The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued an alert outlining how crypto are being used to launder proceeds from the trafficking of synthetic fentanyl and opioids. The alert aims to enhance awareness of…
Key Takeaways Vancouver Mayor Ken Sim has introduced a motion to the city council proposing the exploration of Bitcoin as part of the city’s financial strategy. The initiative plans to evaluate BTC potential to safeguard purchasing power and diversify municipal…
Key Takeaways The Bank of Canada (BOC) recently released a study revealing Canadian consumers’ reservations about adopting a central bank digital currency (CBDC). This comes as the BOC explores a digital Canadian dollar, aiming to gauge public interest and address…
Key Takeaways The Canadian Securities Administrators (CSA) have extended the deadline for cryptocurrency trading platforms to comply with updated stablecoin regulations. Initially set for October 31, 2024, the new deadline is now December 31, 2024. The extension was granted due…
Hong Kong government representatives who drew in foreign investment attended a tech conference in Toronto, Canada, to promote their offshore technology hub.
Key Takeaways Self-proclaimed Crypto King Aiden Pleterski is charged with money laundering and one count of fraud over 5,000 Canadian dollars ($3,666) by the Canadian authorities Apart from him, police have also charged his associate Colin Murphy with fraud for falsely claiming to…
Binance will pay FINTRAC an administrative monetary penalty of $4.4M for neglecting to register and report significant transactions involving digital assets.
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