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Bank of Canada Exploring Possibility of Launching a Digital Currency

Bank of Canada, the Canadian central bank, is exploring the possibility of launching a digital currency that would replace cash and track how people spend their money. The aim of the proposed currency would be to mitigate the “direct threat” posed by cryptocurrencies to the economic sovereignty of governments and central

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Canada Revenue Agency Audits QuadrigaCX’s Corporate Tax Returns

The Canada Revenue Agency (CRA), the country’s tax authority, is auditing the corporate tax returns filed by QuadrigaCX, the now-defunct Canadian cryptocurrency exchange. CRA’s request for documents and information is significantAccording to an article by the Globe and Mail on Sept. 16, QuadrigaCX is now being audited by the CRA

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Michael Terpin’s BitAngels Investor Network Partners with Bitcoin Bay to Expand Blockchain Investment Ecosystem in Toronto, Canada

Well-known Blockchain and crypto industry giant Michael Terpin from digital currency investor network BitAngels has teamed up with Toronto’s Bitcoin Bay to expand the blockchain investment ecosystem in Canada’s largest city.advertisement“Through our partnership, we aim to accelerate blockchain adoption not only in Toronto, but internationally by connecting global entrepreneurs, investors, and

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Accenture to Sign Blockchain ID Deal With Canada, Netherlands and Aviation Players

Global accounting giant Accenture will sign a formal deal with Canada, the Netherlands and other parties to use blockchain in identifying travelers. The company’s managing director of capital markets, David Treat, confirmed the move at the Synchronize Europe conference in London on June 18, attended by a Cointelegraph correspondent.Part

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US Regulator Joins Canada in Fining Blockchain Firm CEO for Securities Act Violation

Blockchain entrepreneur Alex Tapscott has been fined $25,000 by the United States Securities and Exchange Commission (SEC,) according to a filing on May 14.Tapscott is the CEO of NextBlock Global, and in the filing, the SEC said neither the Canadian company nor its securities had ever been registered with the commission.The 33-year-old

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Canada Seizes $1.4 Million Bitcoin Holdings in Reportedly Largest Ever Forfeiture

A Toronto judge has ruled an online drug dealer must pay his entire $1.4 million Bitcoin (BTC) holdings to the state in what is reportedly Canada’s largest ever forfeiture, local daily news outlet The Star reported April 3.Matthew Phan, who dealt in illegal narcotics online, had tried to convince

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QuadrigaCX Scandal Jolts Canada to Regulate Cryptocurrency Exchanges

The infamous QuadrigaCX scandal has culminated in the losses of $150 million in user’s cryptocurrency funds. Now, Canada has called for “input” on tailoring new regulation to cryptocurrency exchanges operating within its borders.Canada’s Securities Regulator and Investment Body Issue a Consultation Paper to Increase Investor ProtectionCanada has held back on

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