Bitstamp Set to Halt Operations in Canada by January 2024
The European cryptocurrency exchange Bitstamp is exiting the Canadian market and has announced that it will stop offering its services there in January 2024. Bitstamp will leave Canada in January 2024 due to Canada’s tighter regulations for cryptocurrency businesses. Bitstamp’s U.S. CEO, Bobby Zagotta, told the media on October 10 that the exchange will stop […]
Coinbase Suspends USDT, DAI, RAI in Canada
Coinbase has decided to halt trading of prominent stablecoins, namely USDT, Dai, and RAI, for its Canadian users. Cryptocurrency exchange Coinbase said that starting in September 2023, it would no longer allow Canadian users to trade the stablecoins USDT, DAI, and RAI. Days have passed since operations began in the nation. With this revelation, Coinbase […]
Coinbase Rolls Out Crypto Services in Canada
Coinbase, a trading platform previously only available in the US, has now expanded its operations to Canada. The company has partnered with Peoples Trust Company to include Interac e-Transfers as a payment option for Canadian users, making transactions smoother. Recent data shows that many users are using Interac e-Transfers for deposits. Coinbase has also introduced […]
Canada to Develop Repository for Storing Seized Crypto, NFT
The Royal Canadian Mounted Police seeks to develop a centralized digital asset repository solution allowing police officers to seize and store cryptocurrency and non-fungible tokens. The Royal Canadian Mounted Police (RCMP) is searching for a digital asset solution to facilitate the seizure and custody of cryptocurrencies and nonfungible tokens (NFTs). The solicitation of bids began […]
Canadian Police Use Chainalysis Reactor Software for Crypto Crimes
Canadian Police can now investigate cybercrime, track blockchain transactions, identify suspects, and locate where funds have been deposited using Chainalysis Reactor software. Local police revealed to the Lethbridge Herald that police forces already have access to the Chainalysis Reactor software. The program aids in tracing cryptocurrency from its source to the moment it is deposited […]