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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On Aug. 17, Coinbase, a crypto exchange, will discontinue the trading of USDT, DAI, and RAI stablecoins for its Canadian users from September 2023. This is days after launching operations in the country. Accompanying this announcement, Coinbase
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Canadians are starting to look at digital assets as more than just speculative investments, seeing them instead as legitimate assets for everyday transactions, according to Coinbase’s country director for Canada.Speaking to Cryptox in Toronto on Aug. 16, Coinbase’s Canada director Lucas Matheson said he believes that more utility and use
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Bank of Canada conducted research to understand how citizens would behave in a hypothetical cashless environment toward CBDC. The research paper analyzes the role of CBDC in the potential cashless scenario. The report showed that most
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The typical Canadian has little reason to adopt a central bank-issued digital currency, which could cause problems with its broad acceptance, according to a new paper from the Bank of Canada. In the staff discussion paper released on Aug. 10, the central bank looked at a hypothetical scenario where cash
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In December, the Canadian Securities Administrators (CSA) announced strengthening its approach to oversight of crypto trading platforms by expanding existing requirements for platforms operating in Canada. One of the leading global exchanges Crypto.com has announced its decision to delist Tether’s USDT stablecoin for Canadians in order to comply with instructions from the Ontario Securities
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This week researchers from the Bank of Canada published the central bank’s Financial System Review which highlights five key statistics tethered to Canadian bitcoin owners. According to the Bank of Canada’s metrics, 13% of Canadians own the leading crypto asset bitcoin, and “most Canadians are aware of bitcoin.” Bank of Canada’s
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Ontario Securities Commission CEO Grant Vingoe said the regulator planned
Read MoreShakepay, a company that allows Canadians to buy, sell and earn bitcoin, has announced a $44 million Canadian dollar ($35 million USD) Series A investment led by QED investors, a U.S.-based venture capital firm. The funding will be used to scale the business and launch new products. The valuation of
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