Crypto.com is restricting the Tether stablecoin (USDT) trading services in the Canadian region. This is seemingly the follow-up action by the largest crypto platforms after the Pre-Registration Undertaking (PRU) with the Ontario Securities Commission (OSC). And, Crypto.com will delist the USDT from 31st Jan 2023. crypto dot com to delist
If they want to operate in Canada, cryptocurrency exchanges will have to comply with stricter regulations. Such as a prohibition on margin and leverage trading. The Canadian Securities Administrators (CSA) released new guidelines on Monday. That requires firms to keep their customers’ assets separate from their own. In August, organizations
User’s private information was hacked only one month after Coinsquare became the first Canadian cryptocurrency trading platform to be approved by the Investment Industry Regulatory Organization of Canada (IIROC). The money investors have on Coinsquare are protected by the Canadian Investment Protection Fund. In the case of the exchange’s collapse.
Crypto.com visa card users in Canada can now use Google Pay and Apple Pay. These apps are one-point solutions for multiple on-site, in-app, and in-store transactions. Crypto.com visa card users in Canada can now make use of the functionalities with both Google Pay and Apple Pay. The exchange has declared
The Ontario man has had $2 million worth of property seized by the authorities. About 140 investors have come forward with information to help in the case. Canadian trader and self-proclaimed “Crypto King” Aiden Pleterski, age 23, is being sued for failing to repay at least $35 million to investors.
Only two Canadian crypto exchanges, including Coinsquare, have pre-registered with authorities. Justin Hartzman co-founded CoinSmart and has served as its CEO. After Coinsquare, one of the major digital asset trading platforms in Canada, purchased CoinSmart for an unknown price, the country’s cryptocurrency exchange scene seemed to be solidifying. Thursday, Coinsquare
The customer’s ability to make net purchases may be restricted in certain cases. The cap limit does not apply to 4 major cryptocurrencies. In order to comply with rules, Canadian cryptocurrency exchanges have implemented procedures to restrict yearly purchases of crypto assets to CAD 30,000 (USD 23,250), with the exception
Bitcoin touched its $21,000 level after one year. Canada has 1.2 million cryptocurrency users. In 2021, Canada witnessed the wider cryptocurrency adoption which recorded a double increase in Bitcoin (BTC) use. According to the Bank of Canada’s latest report, which was released on June 9, 13% of Canadians owned Bitcoin
Canada stops all crypto transactions of Freedom Convoy protestors. Crypto funding of $10 million, fundraising page down. Residents of Ottawa claim compensation. The Freedom Convoy started on January 22, 2022 and still is going on, with further no proper response from the Canadian government. The Freedom Convoy is actually a
Brian Powell, criticized the government’s response to the demonstrators’ acts. CEOs are legally obliged to conduct Know Your Customer (KYC) checks. Bitcoin and other cryptocurrencies are still being used to support demonstrators in Canada. For some of the demonstrators, Prime Minister Justin Trudeau’s recent invocation of the Canada Emergencies has
