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World Blockchain Roadshow 2018 – Asia and Europe • June 28 - August 18, 2018

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Tag: Canada

Mining Firms Building Electrical Grids to Circumvent Government Apprehensions

Category: Blockchain, Mining, News, Regulation

Mining Firms Building Electrical Grids to Circumvent Government Apprehensions

Due to substantial energy demand, cryptocurrency mining businesses face scrutiny from both government bodies and utility departments. However, a Canadian mining venture is taking a unique path to prevent such backlash – by constructing its own electrical grid – as per reports on August 1, 2018. Building the Spades and Mining the Gold According to Motherboard, Vancouver-based DMG Blockchain is…

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Mike Novogratz’s Crypto Bank Set to Trade on Canadian Public Exchange despite Slow Start

Category: Altcoins, Bitcoin, Business, Investment, News, Regulation

Mike Novogratz’s Crypto Bank Set to Trade on Canadian Public Exchange despite Slow Start

Mike Novogratz’s crypto bank is finally set to start trading on the TSX Venture Exchange from August 1, 2018. The trading will commence through Galaxy Digital Holding Ltd. under GLXY ticker. Novogratz is confident that his venture will hit profit in Q2, 2019. Canadian Regulators: Slow, but Sure Novogratz expressed his frustrations over the Canadian regulators. It almost took the…

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CoinSmart Launches a Simplified Crypto Exchange for Canadian Crypto Traders

Category: Adoption, Altcoins, Bitcoin, Business, Exchange, Finance, News

CoinSmart Launches a Simplified Crypto Exchange for Canadian Crypto Traders

A new crypto exchange dubbed CoinSmart has opened shop on July 10, 2018, in Canada to address rising interest in cryptocurrencies among the Canadian population. Making Life Easier for “Crypto Curious” Community The exchange that comes with a tagline “you can actually understand” has capabilities of getting coins at one click, making crypto trading easy, offers 24 hrs support and…

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Canadian Fund Hodls Mostly Cash rather than Bitcoin

Category: Altcoins, Bitcoin, Business, Ethereum, Finance, News

Canadian Fund Hodls Mostly Cash rather than Bitcoin

Rivemont Investments’ Rivemont Crypto Fund only had nine percent of its assets in bitcoin as of July 13, 2018, with the rest, a whopping 91 percent, in Canadian dollars. For the record, the Rivemont Crypto Fund’s assets amount to C$3 million ($2.3 million). Investors Could Return if Bitcoin Price Rises The company launched the Rivemont Crypto Fund on December 14,…

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British Columbia Claims $1.4 million in Bitcoin From Marijuana Dealer

Category: Bitcoin, Crime, News, Regulation

British Columbia Claims $1.4 million in Bitcoin From Marijuana Dealer

Canada’s British Columbia government is laying claim to $1.4 million in bitcoin from a mail-order marijuana dealer it managed to seize many years ago. Cryptocurrency Claim Gives Legitimacy to Industry The Government claimed that the mail-order marijuana dealer was a vendor on the notorious Silk Road website. According to The Star Vancouver, a local Canadian news site, the Government’s allegations…

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Half a Million People in Toronto Hold Crypto and Don’t Know the Risks

Category: Altcoins, Bitcoin, Finance, News

Half a Million People in Toronto Hold Crypto and Don’t Know the Risks

On June 28, 2018, the Ontario Securities Commission (OSC) has revealed that while there are roughly 500,000 residents of the Canadian province who hold crypto, there exist serious information gaps among them regarding essential crypto markets investment determinants such as transparency, volatility, valuation, and liquidity. OSC Survey The information came from a survey launched by the OSC called “Taking Caution:…

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Eight People Scammed out of $100,000 By Fraudsters Claiming to Work with The CRA

Category: Altcoins, Bitcoin, Blockchain, Crime, News

Eight People Scammed out of $100,000 By Fraudsters Claiming to Work with The CRA

In less than one week, eight people were scammed out of $100,000 after being targeted by fraudsters who pretended to be the Canadian Revenue Agency (CRA). Victims were told to deposit money into Bitcoin ATMs According to a Canada’s CBC News, Waterloo Regional Police are warning the general public to be cautious and vigilant after eight people were reportedly scammed…

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Canada Declares War on Cryptocurrency Fraud with Mandatory KYC/AML Regulations

Category: Altcoins, Bitcoin, Blockchain, News, Regulation

Canada Declares War on Cryptocurrency Fraud with Mandatory KYC/AML Regulations

Canadian authorities have amended the nation’s anti-money laundering (AML) and anti-terrorism funding laws to foster orderliness in the finance and cryptocurrency industries by preventing deceitful individuals from exploiting regulatory loopholes in cryptocurrency exchanges and firms. Canada’s Fraud Crackdown As stated in the draft published by Canada Gazette, the Financial Action Task Force (FATF) pointed out some inadequacies in the Anti-Money…

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Canada Urges Caution as no Cryptocurrency Exchange Guarantees User Security

Category: Bitcoin, Blockchain, Regulation

Canada Urges Caution as no Cryptocurrency Exchange Guarantees User Security

The Canadian Securities Administrators (CSA) issued a warning note to investors on June 6, 2018, which called for caution when trading on cryptocurrency exchanges. Despite online exchanges claiming to be registered or verified, the CSA clarified that none of them were recognized officially in Canada. CSA Urges Caution The CSA is the authority on regulating securities in Canada. Its jurisdiction is…

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Canada May Introduce Regulations for Hydroelectric-powered Cryptocurrency Mining

Category: Mining, News, Regulation, Tech

Canada May Introduce Regulations for Hydroelectric-powered Cryptocurrency Mining

Canada could soon see cryptocurrency mining regulations introduced, as the Couillard government devised a framework in May 2018 that proposed selling excess power from Quebec’s hydroelectric plants to miners. Quebec’s Mining Push As per a report on Le Journal de Montreal, Canada’s Minister of Energy, Pierre Moreau, presented a decree to regulate the cryptocurrency mining industry on May 30, specifically…

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