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Canada
Why Canada's Enactment of the Emergencies Act Is 'Very Very Scary'
Canadian Prime Minister Justin Trudeau invoked the Emergencies Act to address the continued protests across the country over COVID-19 measures. The move includes an expansion of money-laundering laws to include crypto transactions, adding that banks can immediately freeze or suspend bank accounts. "The Hash" resident Canadian co-host Jenn Sanasie says the government going after people's funds at this polarizing time is "very, very scary," especially as it hits close to home. The crew dissects this controversial measure on "The Hash."
Canada's Trudeau Enacts Emergencies Act, and Crypto Is Included
The move by the prime minister includes an expansion of money-laundering laws to include crowdfunding platforms and cryptocurrency transactions.
Canada Crypto Tax Guide 2022
Like many jurisdictions, crypto assets are treated as "property" in Canada, meaning investors will owe taxes to the Canadian Revenue Agency (CRA) in certain situations. This piece is part of CoinDesk's Tax Week.
KPMG Canada Exec on Adding Crypto to Its Balance Sheet: ‘We Believe in This Sector’
The Canadian branch of accounting giant KPMG has acquired bitcoin and ether on its balance sheet. KPMG Canada’s Kareem Sadek shares his insights into the firm making its first allocation of crypto assets to its corporate treasury.
Canadian Crypto Platform Newton Raises $20M Round at $200M Valuation
The Series B funding round was led by partners from DV Chain and took Newton's valuation to around $200 million.
Canadian Truckers Turn to BTC as GoFundMe Shuts Down $9M in Donations
A group of Canadian truckers has turned to bitcoin for donations following the suspension of a GoFundMe fundraiser. The GoFundMe account had received more than $9 million in donations toward Canadian truckers protesting vaccine mandates. Jaxx wallet CEO Anthony Di lorio discusses the reactions, implications and potential trust issues for blockchain as a tool for financial freedom.
KPMG Canada Adds Crypto to Its Balance Sheet
The accounting firm acquired an undisclosed amount of bitcoin and ether using Gemini Trust’s execution and custody services.
Shakepay Raises $35M to Help Canadians Buy, Sell and Earn Bitcoin
The funding will be used to scale the business and launch new products.
Crypto Exchange Bitfinex Tells Ontario Customers to Close Accounts
Bitfinex customers in the Canadian province should withdraw all their funds on or before March 1, the exchange said.
Iris Energy’s December Hashrate Rises 14% as Revenue Falls Again
The Australian miner continues to build out mining capacity in Canada.
