Canada, in the most recent crackdown, has revoked the registration of over 40 crypto businesses. This is in continuation of its efforts to actively monitor the presence of malicious actors in the industry. It earlier acted against users of Dapper Labs for non-compliance with tax regulations. A similar sentiment is
The law enforcement agencies from three countries have started Operation Atlantic, an organized effort to disrupt crypto-related scams, dismantle fraud networks, and boost cross-border operations to target unlawful conduct in the digital asset space. On March 16, the National Crime Agency (NCA) reported on Operation Atlantic, stating that it was
The Canadian Investment Regulatory Organization (CIRO) has announced that Canada has introduced new crypto custody rules for the exchanges to reduce the risk of investor losses and prevent failures, as the QuadrigaCX collapse happened in 2019. This move immediately takes effect after the direct response to the past crypto failure,
As a major move towards the regulation of digital assets, Canada has announced detailed regulatory actions on fiat-backed stablecoins as part of its 2025 federal budget. The relocation is based on the same regulatory step by the United States, which passed stablecoin legislation in the form of the GENIUS Act
Canada has officially launched its first spot XRP exchange-traded funds (ETFs), with Purpose Investments and 3iQ listing products on the Toronto Stock Exchange (TSX). These ETF launches follow final approval from the Ontario Securities Commission (OSC) on Monday. Purpose Investments debuted its XRP ETF under the ticker XRPP. The product
Coinbase, perhaps the most significant cryptocurrency exchange in the world, is stepping into bold territory by investing in Stablecorp, which created the Canadian dollar-backed stablecoin QCAD. At the Blockchain Futurist Conference in Toronto, it was announced in a strategic tie-up reflecting Coinbase’s general intention to cultivate digital innovation within Canada.
Robinhood has announced a $179 million all-cash deal to acquire Canadian crypto firm WonderFi, accelerating its international expansion. The agreement values WonderFi shares at C$0.36 each, representing a 41% premium over the May 12 closing price and a 71% premium over the 30-day volume-weighted average. The deal, confirmed on May
Today, Crypto.com Canada made the announcement that it has been granted a restricted dealer registration on May 8, 2025 in each of the provinces and territories that make up Canada. During the time that it is working toward becoming a restricted investment dealer in Canada and becoming a member of the Canadian Investment
US prosecutors charged a Canadian national, Andean Medjedovic, with allegedly exploiting DeFi protocols Indexed Finance and KyberSwap, pilfering some $65 million through fictitious trades. On Feb. 3, the Justice Department unsealed an indictment in a Brooklyn federal court against Andean Medjedovic, charging him with hacking, attempted extortion, money laundering, and
Canadian Prime Minister Justin Trudeau has stepped down, bringing focus to opposition leader Pierre Poilievre. He is seen as the leading candidate to be Canada’s next Prime Minister. Poilievre supports cryptocurrency strongly and has promised to make Canada a “crypto capital.” This has gained him both attention and criticism as
