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Posts published in “Canada”

XRP Chosen as Base Pair for 130+ Coins by Canadian Exchange Coinfield

XRP continues to increase its popularity among traders and crypto enthusiasts, demonstrating that it has the potential to become much more than just a cross border payment facilitator. The token’s acceptance has grown substantially over the last few months, and several exchanges have noticed this trend,…

QuadrigaCX’s Legal Representatives Create Affected Users Committee

QuadrigaCX’s legal council has formed a dedicated committee to help provide guidance in representing affected clients of the exchange. A new committee appointed by law firms Miller Thomson and Cox & Palmer will provide guidance in representing affected clients of major Canadian cryptocurrency exchange QuadrigaCX.…

Canada Lawmakers Propose a Ban on Cryptocurrency Short Selling

The Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada (IIROC) have jointly proposed a framework for cryptocurrency exchanges that would halt short selling and margin trading of digital assets.  Ban on Cryptocurrency Short Selling and Margin Trading The Canadian Securities Administrators and…

Overstock CEO Praises tZERO Blockchain Platform in Q4 Earnings Report

The encouragement comes despite withdrawal of investment plans for tZERO, while Overstock will change its strategy this year. Canadian online retailer Overstock.com said it would counter its significant losses for 2018 with a return to profits this year in its Q4 earnings report released on…

Canadian regulators propose ban on crypto short selling, margin trading

Canadian regulators have proposed a ban on certain trading activity in the crypto world to safeguard investors from potential risks.  The so-called Canadian Securities Administration, a financial watchdog, proposed a temporary ban on crypto platforms on short trading, which sees investors betting on a certain…

Canada seeks feedback regarding Proposed Platform Framework to regulate crypto asset platforms

Canadian financial regulators are looking into possible regulatory framework for crypto assets and blockchain platforms, Investment Industry Regulatory Organization of Canada wrote in a statement. It has published a joint Consultation Paper with The Canadian Securities Administrators (CSA). The regulators are seeking feedback from the fintech community,…

Canadian Capital Market Regulators Mull New Cryptocurrency Rules

Capital market regulators in Canada are planning to establish new rules to curb the risks associated with cryptocurrency trading platforms. This follows the sudden death of Gerald Cotten, founder and chief executive officer of crypto exchange Quadrigacx, which led to about $145 million in frozen…

Thieves Steal $200k Worth Of Bitcoin (BTC) Across 7 Canadian Cities

Four scammers are in the latest Bitcoin news for allegedly stealing more than $200,000 from seven different Canadian cities. The heist was pulled off by substituting speed and convenience over security and fund safety – allowing the scammers to get away with the money from…

QuadrigaCX Prompts Regulators to Move: Will Canada Clampdown on Crypto?

The QuadrigaCX debacle that has gripped the crypto space so far this year has evidently not gone unnoticed by Canadian financial regulators. In a consultation paper, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) appealed for the input of…