Binance Hit with $4.4M Fine by Canadian Regulator
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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Latest firstCoinCodeCap WeekInFocus: April 28, 2024
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
Binance Faces Lawsuit in Canada for Alleged Securities Law Violations
Canadian class-action lawsuits against crypto exchange Binance are rising, with the plaintiffs claiming the company broke regional securities rules.
Manitoba In Canada Suspends New Electricity Requests for Crypto Operations Until 2026
Key Takeaways Manitoba, a Canadian province, has extended its moratorium on new requests for electrical service for cryptocurrency operations until April 30, 2026. This extension follows the initial pause imposed in November 2022 due to concerns about the strain cryptocurrency…
CoinCodeCap WeekInFocus: April 21, 2024
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
Canada Adopts International Crypto Tax Reporting Standard
Canada anticipates implementing the global CARF for taxation by 2026, as stated in an addendum to the 2024 annual budget.
Coinbase Granted Restricted Dealer License in Canada
In the midst of a domestic regulatory crackdown, Coinbase has doubled down on its global expansion by obtaining restricted dealer licenses in Canada.
Bitcoin Mining Giant Hut 8 Shutters Operations Amid Escalating Energy Expenses
The Canadian bitcoin miner Hut 8 is leaving its Drumheller, Alberta, location owing to power outages and rising energy expenses.
Canadian Crypto Exchange Catalyx Suspends Trading Amid Security Breach
Key Takeaways Catalyx, a prominent Canadian cryptocurrency exchange, has taken a significant step by suspending all trading activities, deposits, and withdrawals in response to a security breach. The company, CatalX CTS Ltd., suspects the involvement of one of its employees…
CoinCodeCap WeekInFocus: October 8, 2023
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.