Canada Financial News

20.03 / 17:05

business Blockchain OKX to cease operations in Canada by June 22 2023

On Mar. 20, cryptocurrency exchange OKX informed Canadian users via email the firm "will no longer provide services or allow users to open new accounts in Canada starting on Mar. 24, 2023, 12:00 AM EST," citing "new regulations." According to OKX, existing Canadian customers must close open positions in options, margins, perpetual, and futures by June 22, 2023. Fiat or tokens must also be withdrawn by the said date.

20.03 / 15:45

week Economy Week Ahead: U.S. Interest Rates and Housing Market in Focus

The National Association of Realtors reports sales of previously owned homes in February. Existing-home sales fell 0.7% in January from the prior month, the 12th straight monthly decline.

20.03 / 13:41

Adoption More Than 80 Firms Express Interest in Establishing Presence in Hong Kong – Next Crypto Hub?

Hong Kong has seen massive interest from virtual asset-related firms as the city pushes toward reclaiming its position as a global crypto hub with a more friendly regulatory stance.

20.03 / 05:15

business Europe Banks Federal Reserve Central Bank Bank of England Bitcoin Fed, central banks enhance ‘swap lines’ to combat banking crisis

The United States Federal Reserve has announced a coordinated effort with five other central banks aimed at keeping the U.S. dollar flowing amid a series of banking blowups in the U.S. and in Europe.

19.03 / 12:35

week Economy Week Ahead: U.S. Interest Rates and Housing Market in Focus

The National Association of Realtors reports sales of previously owned homes in February. Existing-home sales fell 0.7% in January from the prior month, the 12th straight monthly decline.

16.03 / 15:11

Adoption ETF regulation Bitcoin Regulation Bitcoin valkyrie Spot ETFs FTX fiasco set the approval of Bitcoin spot ETFs back: Valkyrie investment chief

In episode 11 of Hashing It Out, Cointelegraph's Elisha Owusu Akyaw (GhCryptoGuy) speaks to Steven McClurg, the chief investment officer of Valkyrie Investments, about the state of Bitcoin ETFs and the way forward.

13.03 / 17:49

Law CFTC SEC Congress Bitcoin crypto donations State caps or federal regulation: What's next for political crypto donations

On Jan. 25, the Committee on Elections introduced a bill to the Kansas House of Representatives aimed at capping political donations via crypto at $100. Regardless of the success of this legislative initiative, the state of Kanzas won’t be the first jurisdiction to target anonymous donations. From authoritarian nations like Russia or China to electoral democracies like Ireland or Canada, one can find recent attempts to ban crypto donations to politicians all around the globe.

10.03 / 00:13

Ethereum Digital CEO Bitcoin Why this ‘extremely bullish’ exec believes crypto’s next bull cycle has started already

Eric Peters, CEO of One River Digital Asset Management, believes the next crypto bull run will be very powerful as it will be driven by institutional adoption. In fact, the exec believes that a bull run might have begun already, despite prevailing downsides.

09.03 / 18:33

business Blockchain regulation swift testing SWIFT moves to next phase of CBDC testing after positive results

According to a statement on Mar. 9, bank messaging platform Society for Worldwide Interbank Financial Telecommunications, or SWIFT, disclosed that the financial institution witnessed positive results related to its pilot test of linking different central bank digital currencies (CBDCs).

09.03 / 17:15

regulation wallet Decentralized Exchange Taxes Bitcoin Regulation CoinTracker integrates with H&R Block to offer crypto tax preparation

Crypto tax software provider CoinTracker is integrating its software with H&R Block, a company that helps millions of customers prepare their income taxes across Canada, the United States and Australia.

09.03 / 13:54

Blockchain Digital HSBC Swift to develop beta version of experimental CBDC connector

Sandbox participants included the Banque de France, the Deutsche Bundesbank, the Monetary Authority of Singapore, BNP Paribas, HSBC, Intesa Sanpaolo, NatWest, Royal Bank of Canada, SMBC, Société Générale, Standard Chartered and UBS.Tom Zschach, chief innovation officer at Swift, comments: “Our experiments have shown the critical role that Swift can play in a financial ecosystem in which digital and traditional currencies co-exist. Our API-based CBDC connector has been proven to be robust across almost 5,000 transactions between two different blockchain networks and traditional fiat currency, and we’re delighted to have the support of our community in developing it further.

08.03 / 01:03

Digital Citizens Progressive ICE boost inclusion Financial Offline CBDC could boost financial inclusion and privacy - Bank of Canada

Canada's central bank has spent the last few years carrying out research into a digital dollar and what design features would be relevant to citizens with diverse payment needs and circumstances.In a new staff analytical note, the bank says that while there has been huge progress in digital payments, little has changed for offline transactions, with physical money the only commonly used method that does not require an internet connection. Researchers have been investigating two types of offline CBDC: intermittent and extended.

07.03 / 03:19

Digital Citizens Progressive ICE boost inclusion Financial Offline CBDC cold boost financial inclusion and privacy - Bank of Canada

Canada's central bank has spent the last few years carrying out research into a digital dollar and what design features would be relevant to citizens with diverse payment needs and circumstances. In a new staff analytical note, the bank says that while there has been huge progress in digital payments, little has changed for offline transactions, with physical money the only commonly used method that does not require an internet connection. Researchers have been investigating two types of offline CBDC: intermittent and extended.

06.03 / 23:15

Corning U.S. Challenges Mexico’s Plan to Phase Out Imports of Corn From GMO Seeds

WASHINGTON—The U.S. said it is seeking formal consultations with Mexico over its agricultural biotechnology policies—a request officials said is aimed at Mexico’s import ban on genetically modified American corn and other crops.

06.03 / 12:17

Dogecoin Ethereum ETH BTC Binance litecoin Bitcoin week Bitcoin Price and Ethereum Prediction: What's Ahead in the Coming Week?

Bitcoin (BTC) and Ethereum (ETH) continue to suffer losses, with both cryptocurrencies displaying bearish signals at the start of the new week. The broader cryptocurrency market is also struggling, with Bitcoin and ETH each experiencing declines of over 6% in the past few days.

06.03 / 09:35

Dogecoin Blockchain Ethereum Provident Platform Bitcoin Ordinal place ODoge Solidifies its Place in Bitcoin and Memecoin History with Acquisition of First-ever DOGE Ordinal for 10BTC

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

02.03 / 11:55

Blockchain UPS Ethereum Provident CEO Bitcoin place Second Annual ETHToronto and First Ever ETHWomen Hackathon to take place at Blockchain Futurist Conference, Canada’s Largest Web3 Event

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

01.03 / 18:03

NIC Progressive CEO Major League Rugby signs a partnership with the French OVAL3

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

27.02 / 22:35

CBDC regulation SEC coinbase IMF Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27

Last week was relatively calm regarding enforcement news but brought some peculiar local developments in regulation. United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central bank digital currency (CBDC). According to the Minnesota lawmaker, the bill could prohibit the Fed from issuing a digital dollar “directly to anyone,” bar the central bank from implementing monetary policy based on a CBDC, and require transparency for projects related to a digital dollar.

24.02 / 23:33

defi Liquidity lending DeFi ‘fragility’ causes and cures explored in highly technical Bank of Canada study

The Bank of Canada has released a working paper that examines lending protocols in decentralized finance (DeFi) with regard to sources of instability and their relation to crypto asset prices. Its findings point to potential ways to optimize DeFi lending platforms, or possibly the practical limits of decentralization.

24.02 / 18:05

Government Adoption Investments us government Pensions Retirement Bitcoin retirement plans elicit caution from regulators

Even as the crypto market continues to forge an impressive recovery from the 2022 bear market, the industry continues to attract the wrath of regulators worldwide, especially in the United States. Three U.S. financial watchdogs recently issued stern warnings to individuals looking to invest in retirement funds offering exposure to digital assets.

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