Tyler Winklevoss, the co-founder of the cryptocurrency exchange platform Gemini, recently announced on Twitter that the company is taking important steps to obtain a license to operate in Canada. The US-based crypto exchange is actively pursuing regulatory approval to expand its services into the Canadian market. .@Gemini is taking key
In preparation for leaving the Canadian market, cryptocurrency derivatives exchange dYdX has stated that it would be banning user accounts from Canadian residents from the next week. As part of “winding down services,” dYdX announced on April 7 that it will stop accepting new Canadian customers. On April 14th, all
One of the most comprehensive cryptocurrency trading platforms in the world may soon be a joint venture of three Canadian cryptocurrency exchanges: WonderFi, Coinsquare, and CoinSmart. The newest crypto news pertaining to the merger is that the three companies will serve 1.65 million consumers and have over $600 million in
As Ottawa tightens its regulatory monitoring of the volatile crypto sector. The Canadian federal government said that federally regulated pension plans in the country would be required to report their exposure to crypto assets to the Office of the Superintendent of Financial Institutions (OSFI). Under the proposed 2023 budget proposal.
Regulation authorities in Canada are preparing to impose tighter laws for exchanges in the nation, only days after the U.S. Securities and Exchange Commission (SEC) imposed limitations on crypto-related activity. The Canadian Securities Administrators (CSA) are said to be drafting new regulations. That cryptocurrency exchanges operating in Canada will have
The North American Bitcoin Mining Corporation Hut 8 proceeded with a lawsuit filing against one of its energy suppliers Validus Power Corp in Ontario. On Thursday, Hut 8 filed a “Statement of Claim” in the Superior Court of Justice of Ontario, taking the crucial step in the ongoing dispute that
WonderFi, will provide access to decentralized and regulated centralized crypto platforms and is focused on defining the future of finance. And they revealed that it is in preliminary talks with another Canadian crypto exchange Coinsqure about a prospective merger. An official announcement is to issue in the coming days. Bloomberg
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.
