Oasis City

A VR-interlinked cryptocurrency ecosystem platform which will enable the realization of a fully-integrated virtual marketplace

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The survey indicates that regret over crypto purchases has surged to 77%, marking an increase from the previous year's figure of 68%.

CryptoPotato

Canadians Show Waning Interest in Crypto Investments: Study Finds

Source: Pixabay The number of Canadian cryptocurrency users has dropped in 2023 due to bear market fears and wider macroeconomic factors, a new survey shows. A Crypto Asset Survey published by the Ontario Securities Commission (OSC) was conducted to show consumer interaction with virtual assets, investment experience, major drivers, and key market determinants. According to […]
The post Canadian Crypto Drive Slows in 2023, Users Cite Wider Market Factors appeared first on Cryptonews.

Cryptonews

Canadian Crypto Drive Slows in 2023, Users Cite Wider Market Factors

Popular cryptocurrency exchange Kraken has announced to suspension of transactions involving five cryptocurrencies in Canada. This significant decision, which will be enacted by the end of November, impacts notable digital assets like Tether (USDT), Dai, Wrapped Bitcoin (WBTC), Wrapped Ether (WETH), and Wrapped Axelar (WAXL). As the crypto landscape undergoes consistent evolution, Kraken’s move seems ... Read more

CryptoPolitan

Kraken implements major trading suspensions in Canada amid regulatory shifts

Kraken is the next major Canadian exchange to wind down support for stablecoins amid regulatory pressure.

Kraken To Suspend All USDT, WBTC Deposits In Canada

Canadian fintech corporation WonderFi, with backing from billionaire Kevin O’Leary, has unveiled a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM. This significant collaboration, announced on September 18, aims to strengthen Localcoin’s cryptocurrency ATM network across Canada by integrating Bitbuy’s exchange platform, known for its deep liquidity. Bitbuy will leverage Localcoin’s ATM to ... Read more

Bitbuy partners with Localcoin ATM to push crypto adoption in Canada

A recent study by the Bank of Canada (BoC) revealed that crypto ownership in the country had slowed over the past two years. However, recent sentiment from Coinbase’s Country Director for Canada, Lucas Matheson, suggests Canadians are slowly warming up to crypto again.  Canadians Adopting Crypto Payments In a conversation with Cointelegraph, Matheson mentioned that Canadians’ outlook towards digital assets is changing as they adopt it to make daily transactions. This means that crypto in the country is garnering mass adoption as service providers and consumers are using it to facilitate payment of goods and services.  Related Reading: Shiba Inu DAO Gets Serious With New Advisory And Investment Firm Furthermore, Matheson believes that more daily use cases will arise that will be “digital asset-backed.” This belief could stem from the fact that the tokenized industry is rapidly growing with many real-world assets (RWA) being brought on-chain.  Many industries are expected to be disrupted with the help of blockchain technology and non-fungible tokens (NFTs). The E-commerce industry is one that Matheson has singled out to be significantly impacted by NFTs. He said the major use case would be “phygital” items, where fashion brands create the tokenized version of their physical products. Popular brands like Nike and Lacoste are known to have ventured into the metaverse with the introduction of their tokenized wear.  Coinbase And Key Regulations Integral Matheson emphasized the importance of regulatory certainty and how Coinbase is contributing to the crypto industry’s growth in Canada. According to him, the crypto exchange was working closely with the Canadian authorities to build trust and help them understand the role of digital assets in building a sustainable economy. Coinbase officially launched in the Canadian market on August 14. The company announced that it had partnered with local banks and payment platforms to ensure easy fiat on-ramp and make crypto more accessible to Canadians. Furthermore, Coinbase rolled out its Interac payment rails to enable local users “seamlessly deposit and withdraw funds (CAD) to and from their Coinbase wallets…” Meanwhile, Canada’s lawmakers have shown commitment to backing the crypto industry in the country by providing regulatory certainty to stakeholders in the industry. In June, the Canadian House of Commons Parliamentary Standing Committee on Industry and Technology published a report highlighting the positive impacts blockchain technology could have on the economy and the need to provide regulatory clarity and protect the interests of consumers.  Related Reading: Executives Of Crypto-Friendly Bank Silvergate Step Down As Lawsuits, Liquidation Rages On The report also proposed an innovative regulatory approach for cryptocurrencies, emphasizing how Canada could become a leader in the crypto economy.  With such efforts from Coinbase accompanied by regulatory certainty, Crypto adoption is bound to grow. Interestingly, the Ontario Securities Commission (OSC) claims that over 30% of Canadians plan to buy crypto by 2024. Market remains highly volatile following FOMC | Source: Crypto Total Market Cap on Tradingview.com Featured image from iStock, chart from Tradingview.com

NewsBTC

Crypto Payments Gain Ground In Canada As Confidence Grows

Nasdaq-listed crypto exchange Coinbase has officially launched in Canada with new offerings to “make cryptocurrencies more accessible to millions of Canadians.” A Coinbase executive stated: “Canada is well positioned to be a global leader in the cryptoeconomy.” Coinbase Officially Launches in Canada Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced its “official launch in Canada” with a […]

Bitcoin News

Coinbase Launches in Canada — Executive Says Canada ‘Well Positioned’ to Be a Global Leader in Crypto Economy

The rapid evolution of artificial intelligence (AI) has brought remarkable transformations to various aspects of our lives, from education and work to exploration and communication. However, there is a growing apprehension regarding the application of AI in warfare, a concern that rivals even the threats posed by climate change. The unchecked progression of AI in ... Read more

The Growing Threat to Global Security Calls for Urgent Regulation in the AI Arms Race

Best Canadian Regulated Crypto Exchanges: A Comprehensive Guide Cryptocurrency, or crypto assets, have become a popular form of…

Watcher.Guru

Best Canadian Regulated Crypto Exchanges

Crypto News: The world’s largest cryptocurrency exchange, Binance, has recently come under the regulatory spotlight once again as it faces investigation from the Ontario Securities Commission (OSC) in Canada. The OSC is seeking to determine whether Binance attempted to bypass local regulations and compliance controls while seeking approvals to operate in the country. In response 
The post Breaking: Binance Exchange Under Investigation By Canadian Regulators appeared first on CoinGape.

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