Canada

This article delves into the best crypto casino Canada, providing a comprehensive ranking based on game selection, user experience, transaction speed, customer support, and overall security. Whether you're a seasoned gambler or new to the crypto casino scene, our guide will help you find the best platforms to enjoy a seamless and thrilling gaming experience. Our top favourite is TG.Casino, but there are many great options available. 10 Best Crypto Casino Canada 2024 TG Casino - Best Casino on the…

Institutional investors in Canada substantially increased their cryptocurrency exposure last year compared to the previous bull market cycle, according to a recent survey by accounting firm KPMG. The consulting group’s bi-annual survey, “Institutional Adoption of Cryptoassets,” received 65 responses, including 31 institutional investors managing over $500 million in assets and 34 financial services organizations. Institutional Interest in Crypto Assets Surged in 2023 In its report released on April 24, KPMG revealed that 39% of institutional investors reported having direct or…

Canada announces plans to adopt the International Crypto-Asset Reporting Framework (CARF) by 2026, leading the charge in global crypto tax regulation with stringent reporting requirements for crypto asset service providers. Early Adoption Amid Global Trend Canada is on track to become the first country to adopt the International Crypto-Asset Reporting Framework (CARF). According to a recent update to the country’s 2024 annual budget, the CARF guidelines will be implemented in Canada by 2026.  Although the legislation deadline is 2027, Canada…

Digifinex, one of the leading cryptocurrency exchanges in the world, has been granted a Pre-Registration Undertaking ("PRU") exemption-based approval by the Canadian regulator (at the provincial level, Alberta Securities Commission and other provinces providing reciprocal recognition). This license allows DigiFinex to operate in Canada in accordance with the terms of the PRU agreed with the regulator, and provides a unique opportunity for Canadian clients to buy and sell cryptocurrencies on DigiFinex's platform. The PRU agreed upon is the result of…

The provincial government of British Columbia, Canada, has enacted an 18-month freeze on setting up any new Bitcoin mining operations.  The pause will give the government time to assess whether the mining industry impacts its economic and environmental goals.  According to CBC News, the government has now suspended 21 applications for new mining operations in the province. Collectively, they would have consumed 1.403 megawatts of energy, equal to that of 503,000 homes or 2.1 million electric vehicles. “Cryptocurrency mining consumes…

Americans consistently outnumber their northern neighbors regarding interest in using and investing in cryptocurrencies, according to a recent Ipsos survey. The results show that 24% of Americans would use crypto to purchase goods and services, versus just 18% of Canadians. Underwhelming Canadian Interest As reported by Bloomberg, Americans are also more likely to take advantage of technology in more sophisticated ways. These include avoiding cross-border banking fees (19%; 14%) sending remittances (14%; 11%) and sheltering their wealth from taxes (17%;…

Pierre Poilievre – a Canadian MP vying for Conservative leadership – has promised to ban CBDCs in Canada if he takes power. He’ll also adopt a bill allowing the auditor general to audit the Bank of Canada’s $400 billion quantitative easing program. Poilievre’s War on Inflation In a statement from his campaign website, Poilievre’s rationale is to restore central bank independence the Federal government. The MP claims that the Trudeau government’s deficits have forced the central bank to excessively print…

A government led by Pierre Poilievre would do more to make cryptocurrencies like Bitcoin more mainstream in Canada. The candidate promised he would "decentralize" the economy and lessen the power of central bankers. Canada launched a crypto-backed ETF in the past, and the crypto community in the country is very active. Many libertarian investors often say that cryptocurrency is an excellent way to get rid of government control over money. Bitcoin supporters say that it represents a valid strategy to…

Some of Canada’s biggest crypto advocates have founded a non-profit organization to help with crypto regulation in the country. The formation of a crypto-positive non-profit comes on the back of the government's seizure of some crypto assets donated to the protests. Web3 Council to Work with the Government Canada’s newest crypto non-profit is dubbed the Canadian Web3 Council. The term Web3 describes the next phase of the evolution of the internet. This coming stage is integrated with blockchain technology and…