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Canada

Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

</header> <strong>Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus to mine cryptocurrencies. This new business is …

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Canadian Town Says Yes to Accepting Bitcoin for Property Taxes

Canadian crypto solutions provider and trading platform operator Coinberry has struck its second municipal partnership to provide Bitcoin payments processing for property taxes.  A press release published on July 15 revealed that Coinberry has begun negotiations with the City of Richmond Hill in the Greater Toronto Area after the Council voted on July 10 in …

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Canada’s Crypto Exchanges Must Now Register as MSBs, Report Transactions Over $10K

Canada has updated its anti-money laundering rules, making changes that will affect cryptocurrency exchange operations in the country. The Canadian government published the amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in the Canada Gazette on Wednesday. While the changes to the financial rules – finalized late last month – cover a number of perceived …

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Canada: Crypto Exchanges Must Register With Financial Watchdog Next June

Cryptocurrency exchanges in Canada will be legally required to register with the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC) as of June 1, 2020, according to a notice published on July 10. This requirement will come into effect along with other amendments to Canada’s new anti-money-laundering (AML) laws next year. Crypto exchanges will …

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Canadian Pharmacy to Track Cannabis via Blockchain in New Pilot Program

Canadian pharmacy chain Shoppers Drug Mart has partnered with blockchain company TruTrace Technologies Inc. to launch a pilot program for cannabis supply chain tracking via blockchain, according to a report by Bloomberg on June 17. According to the report, this blockchain tracking system will be used to identify and track medical cannabis, with data included …

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Canadian University Offers Graduate Training in Blockchain Tech

Canadian-based University of British Columbia (UBC) has announced a blockchain and distributed ledger technology training program for master’s and PhD students. UBC announced the development in a press release on June 11. The training path is reportedly designed to build competency around blockchain tech, and is focused on its application in four public benefit areas: …

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Local.Bitcoin.com Shows Lots of Active BCH Listings From Traders Worldwide

<header class=”article__header”> </header> <strong>Six days ago news.Bitcoin.com announced the launch of <a href=”https://local.bitcoin.com/”>Local.Bitcoin.com</a>, a peer-to-peer marketplace that allows people to trade bitcoin cash (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a>) in a private manner. Since then there have been roughly 14,000 accounts created so far, and many people are actively trading throughout various countries worldwide.</strong> Also …

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Canada: Vancouver Mayor Suggests Ban on Bitcoin ATMs

The city of Vancouver, Canada, is considering banning bitcoin (BTC) automated teller machines (ATMs) due to money laundering issues, the Next Web reported on June 5. The mayor of Vancouver, Kennedy Stewart, has reportedly suggested a complete ban on bitcoin ATMs in connection with the increasing number of money laundering cases. A police report cited …

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Kik CEO Says Firm Spent $5+ Million on Negotiations With US SEC: Report

Ted Livingston, the CEO of Canadian-based messaging startup Kik, told cryptocurrency news outlet Coindesk that the company spent over $5 million on ongoing negotiations with the United States Securities Exchange Commission (SEC). The news was revealed in a report published on May 16. As Cointelegraph reported at the end of January, the SEC stated that …

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Proposed Securities Framework Wrong for Regulating Crypto Exchanges, Argues Kraken

Canadian exchange Kraken has published a paper arguing against proposed regulation of crypto assets by the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC). The exchange shared its comments in an official twitter post on May 16. Kraken says that the proposed framework considers the contractual arrangement between an exchange …

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