CRYPTOCURRENCY
Hut 8 Mining Corporation Ramps Up Fight Against Power Supplier
Hut 8 Mining sued Ontario over power supply to a newly built crypto mining plant.
Following OSC Prohibition, Crypto.com Delists USDT For Canadians
Effective January 31, Crypto.com will delist Tether (USDT) for Canadian customers. The exchange has warned users that their Tether would be automatically changed into USD Coin if they don't withdraw or convert before the deadline (USDC). Crypto.com reported in August that the Ontario Securities Commission has approved its Canadian pre-registration commitment.
The Bank Of Canada Stresses Stablecoin Regulation When Legislation Is Presented
Between 2020 and mid-2022, the fiat-referenced crypto asset market grew 30-fold to $161 billion in U.S. dollars. In February, the Canadian House of Commons proposed Bill C-249, Encouraging the Cryptoasset Sector Act. Canada's crypto community supported the law, but it was politically controversial and buried after its second reading.
Canada's Federal Government Begins Consultations on Digital Currency
The federal government of Canada announced in a budget address that it has started discussions on cryptocurrencies, stablecoins and central bank digital currencies.
Ontario Teachers Pension Floats with FTX Trading amid Crypto Volatility
Despite market volatility and a recent decline in value, Ontario Teachers Pension has continued embracing its crypto business investments.
Crypto Advocate Pierre Poilievre Elected as Leader of Canada's Conservative Party
Bitcoin-friendly Pierre Poilievre was elected leader of the Conservative Party of Canada on September 11.
Ripple Opens First Office in Canada with New Growth Plan
Ripple has opened its first regional office in Canada as part of its strategy to increase access to its users.
Crypto Miner Hut 8 Launches New Facility in Ontario, Bitcoin Mining Production Remains Robust
Hut 8 Mining Corp currently holds a total of 7,078 BTC on its balance sheet and continues to advance its operations by launching a new crypto mining facility in Ontario, Canada.
Americans Present Stronger Desires than Canadians in Crypto, Ipsos Study Shows
The intention of investing in cryptocurrencies like Bitcoin (BTC) or using tokens as a payment option among Americans is higher than among Canadians, a new survey shows.
Coinbase Requires Regional Users to Provide Recipient Details for Crypto Transfers
Coinbase will require regional users to provide recipients' names and addresses whenever they transfer funds to other firms or exchanges, effective in April.