Bank of Canada emphasizes need for stablecoin regulation
A note by Central bank researchers says regulation is the key to reaping the benefits of fiat-referenced crypto assets, stablecoin. On December 19, Bank of Canada employees published an analytical note on fiat-referenced crypto assets, also known as stablecoins. The note included an overview of the processes for producing and dispersing stablecoin, a list of […]
Canada will study crypto, stablecoins, and CBDCs in new budget
In order to start the consultation, the government of Canada cited its worries about the potential threats that digital assets and the digitization of money may pose to its financial system. According to its new mini-budget, the federal government of Canada will soon begin a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs). […]
Canadian PM Candidate Supports Use Of Bitcoin As Legal Tender
Canadians should be able to use Bitcoin and other digital assets as acceptable currency, according to the Conservative candidate for the prime ministerial seat of the country. Bitcoin is gaining huge support in Canada as Pierre Poilievre, the Conservative Party’s candidate for Prime Minister in Canada has come out in favor of allowing Canadians to […]
Canadian city sets to supply residents heat using energy from Bitcoin mining
North Vancouver announced it will become the world’s first city to be heated almost completely by bitcoin mining, the recovered energy will be used to heat 100 residential and commercial buildings with a population of roughly 155,000. Starting in 2022, MintGreen, a cleantech cryptocurrency miner based in Canada, will join with the Lonsdale Energy Corporation […]
Evolve Funds Group launches Canada’s first multi-crypto ETF
Evolve Funds Group, a Canadian exchange-traded fund (ETF) provider, has launched the country’s first multi-crypto ETF that is pegged to both Bitcoin and Ethereum on the Toronto Stock Exchange. The Evolve Cryptocurrencies ETF will first invest in Bitcoin ETF (“EBIT”) and Ether ETF (“ETH”) and will trade under the tickers ETC (CAD Unhedged Units) and […]