Canada News

The Ontario Capital Markets Tribunal has terminated Bitfarms’ first “poison pill” adopted to fend off a potential takeover attempt by rival Riot Platforms. A division of the Ontario Securities Commission, the Ontario Capital Markets Tribunal, ceased the shareholder rights plan…

Bitcoin mining company Bitfarms has announced the date for a special shareholder meeting following Riot Platforms’ attempt to acquire its rival. Bitfarms, one of the largest Canadian crypto mining companies, has announced a special shareholder meeting for October 29, in…

Digital asset manager 3iQ has filed to list a Solana ETP on the Toronto Stock Exchange, which would be North America’s first Solana-tied ETP if approved. According to a Jun. 20 press release, a preliminary prospectus for The Solana Fund…

Canada’s self-named ‘crypto king’ has been has been charged with $30 million fraud. According to a May 15 announcement from the Ontario Securities Commission, Two Canadian men, namely Aiden Pleterski, 25, and Colin Murphy, 27, have been charged for duping…

FINTRAC has imposed a substantial fine on cryptocurrency exchange Binance for allegedly violating anti-money laundering regulations.

Cryptocurrency-focused service providers in Canada will face stricter regulatory mandates after new laws were introduced in the nation’s 2024 federal budget. Announced on April 16, the budget plans to enforce the Crypto-Asset Reporting Framework (CARF), a system approved by the…

Cryptocurrency exchange Coinbase has received a license to operate in Canada.

QuadrigaCX co-founder Michael Patryn is risking losing assets as the Canadian province of British Columbia pursues an “unexplained wealth order” amid allegations of fraud. QuadrigaCX co-founder Michael Patryn has come under the spotlight once again after the British Columbia Civil…

Mining company Hut 8 is shutting down its Bitcoin mining platform in Drumheller, Alberta, Canada.

The British Columbia Securities Commission (BCSC) says the now-defunct crypto exchange Einstein Exchange operated as a Ponzi scheme after becoming insolvent in 2018. The BCSC has disclosed its allegations against Michael Ongun Gokturk, the sole director of three now-defunct crypto…

The Federal Court of Canada has ruled that Prime Minister Justin Trudeau’s use of emergency legislation to suppress the “freedom convoy” protests in 2022, was “unreasonable.” On Jan. 23, a Canadian federal court ruled that Prime Minister Justin Trudeau’s decision…

Canadian cryptocurrency exchange CatalX halted operations following a suspected insider job that resulted in a “security breach.” CatalX CTS Ltd., the Canadian crypto exchange operator, said in a press release on Dec. 28 that it had suffered a “security breach”…

Coinsquare and Bitbuy have apparently become two dominant crypto platforms in Canada, with over $1 billion in combined client cash and crypto under custody. In a press release on Dec. 6, 2023 WonderFi said its subsidiaries — Coinsquare and Bitbuy…

In 2023, the number of cryptocurrency owners in Canada decreased slightly, but the average holdings increased significantly. According to a report from the Ontario Securities Commission (OSC), 77% of respondents regret investing in crypto assets. While the number of Canadians…

Canada's Office of the Superintendent of Financial Institutions has initiated a consultation process to develop guidelines for how banks should report their exposure to crypto.

WonderFi, through its subsidiary Bitbuy, has strategically acquired Bitvo.com, significantly increasing its share in Canada's regulated cryptocurrency exchanges and altering the competitive landscape.