News list for "Canada plus"
According to people familiar with the matter, Canada is negotiating stablecoin regulations and could announce a major update in the federal budget to be released next week. Government officials have been in deep discussions with regulators and industry players for weeks, these people said. Canada's finance minister, Peter C. Chambers, is said to be addressing the issue in a budget document to be released on November 4. In July, the United States passed...
Balance, a Canadian crypto custodian, has announced that it has been qualified as a custodian. So far, crypto ETF assets issued by Canadian ETF providers 3iQ, Purpose Investments and Evolve have been held by companies such as Coinbase and Gemini under sub-custodian arrangements in the United States.
Canadian cryptocurrency exchange ezBtc and its founder David Smillie misappropriated about 13 million Canadian dollars (9.50 million dollars) of cryptocurrency investments and used the funds for gambling. A panel set up by Canada's provincial regulator, the British Columbia Securities Commission (BCSC), found that ezBt misappropriated client funds "for its own purposes." The ezBtc platform, which went offline permanently around September 2019 and disbanded in 2022, claimed to store all of its us...
