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Tag Archives: Canadian

Canadian Cryptocurrency Exchange Coinsquare Plots Asian Expansion

Canada-based cryptocurrency exchange Coinsquare is plotting a major expansion into Japan as it prepares to go public later this year. The exchange, headquartered in Toronto, announced this week that it had formed a partnership with DLTa21, a “global blockchain investment bank,” to launch a centralized cryptocurrency exchange in Japan. Coinsquare, which operates Canada’s third-largest cryptocurrency trading platform, will provide the ...

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Proposed Regulations Could Cause Major Shifts in Canadian Crypto …

Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas. The Canadian crypto business community is still ...

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Canadian Crypto Businesses Now Regulated as Money Service Businesses (MSBs)

Canada Crackdown – The Canadian government just announced that going forward it will regulate any businesses “dealing in virtual currency” as Money Services Businesses (MSBs). This move is aimed at protecting Canada’s financial ecosystem from potential terrorist financing activities and money laundering. Canada considers money service businesses as those that handle money, but are not ‘official’ chartered banks; such as ...

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Hackers Demand $1 Million in XRP after Breaching Two Canadian Banks

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Hackers who stole the personal information of tens of thousands of customers from two Canadian banks are threatening to publish that data online unless the banks pay them $1 million in XRP. Regional media outlet CBC News reports that the Bank of Montreal (BMO) and Simplii Financial ...

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Operation Crypto Sweep | 70 US and Canadian ICOs Investigated

Operation Crypto-Sweep – The North American Securities Administrators Association (NASAA) just announced that they sent out 70 cease-and-desist letters to operations they believe to be scam crypto companies. The operation is being called ‘Operation Crypto-Sweep’ and it has first reached 40 jurisdictions in both Canada and the United States. Joseph P. Borg, NASAA’s president, made a statement three days ago saying, ...

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U.S. and Canadian Regulators Investigating Crypto Scams

The North American Securities Administrators Association (NASAA) just announced “Operation Cryptosweep,” one of the largest coordinated enforcement actions by U.S. and Canadian regulators to crackdown on fraudulent Initial Coin Offerings (ICOs). The task force was convened in April 2018 and includes members from more than 40 jurisdictions throughout North America and has resulted in nearly 70 inquiries and investigations and ...

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US and Canadian Securities Regulators Coordinate ICO Probe in ‘Operation Cryptosweep’

US and Canadian state and provincial securities regulators have opened probes into potentially fraudulent crypto investment programs in what has been dubbed “Operation Cryptosweep”, according to a press release May 21. The latest crackdown on suspicious crypto investment products is reportedly the largest such coordinated investigation by state and provincial officials. Regulators from across 40 jurisdictions coordinated by the North ...

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US and Canadian Securities Regulators Unite for ‘Operation Cryptosweep’

Operation Cryptosweep was announced earlier today. The goal of the coordinated effort from numerous North American securities regulators is to clean up scams and fraudulent offerings from the cryptocurrency space. Regulators Share Resources to Crackdown on Scam ICOs The joint crackdown that will go by the name of Cryptosweep will see over 40 U.S. and Canadian regulators united with the ...

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Canadian Cryptocurrency Exchanges Suffer From Rather High Fees Right Now – The Merkle

A lot of cryptocurrency enthusiasts rely on centralized exchanges to buy and sell Bitcoin or altcoins. In Canada, there are a fair few trading platforms to use, although they are all seemingly rather expensive. An interesting comparison put together by a Reddit user shows how Canadians are rather shafted when it comes to buying and selling cryptocurrency. Something will need to change ...

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