Canada’s finance minister resigns, citing ‘serious challenges’ from US
Chrystia Freeland said she would remain a member of Canada’s parliament but had resigned from Prime Minister Justin Trudeau’s cabinet. Go to Source
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Circle Commits to Updated Canadian Stablecoin Regulatory Requirements
The updated rules were introduced last year and outline several requirements for crypto exchanges and stablecoin issuers. USDC Issuer Circle Claims It Was First to Comply With Canada’s Interim Listing Rules Stablecoin issuer Circle, whose flagship product USDC has a current market capitalization of roughly $40 billion, issued a formal undertaking on Wednesday to Canadian … Read more
Macro factors in Canada and US good for Bitcoin’s price — WonderFi CEO
The M2 money supply is an economic measure of the total amount of a sovereign nation’s fiat currency currently circulating worldwide. Go to Source
US election optimism fuels $2.2B inflows in crypto products
CoinShares said the United States and Bitcoin led crypto investment product dynamics last week amid growing optimism over a potential Republican election win in the US. Go to Source
Australia, Canada and Colombia were right to pause CBDC plans
Maybe CBDCs are less inevitable than some people think. Go to Source
Crypto investment products see $147M outflows after 3-week inflow streak
The outflows from crypto investment products in the last week followed a series of inflows totaling nearly $2 billion in the previous three weeks. Go to Source
Man turns $88K into $415M with Tesla, then sues after losing it all
Christopher DeVocht made a large share of his wealth from Tesla options before its share price tanked in 2022, triggering a cascade of problems for the trader. Go to Source
Gemini’s exit from Canada: What’s driving crypto exchanges out?
Gemini’s exit came just a few days after the Canadian Securities Administrators released an update to crypto trading firms about stablecoins. Go to Source
Canada Sets New Deadline for Crypto Platforms to Comply With Stablecoin Regulations
The Canadian Securities Administrators (CSA) have announced an updated regulatory framework for stablecoins, also known as value-referenced crypto assets (VRCAs), with a new compliance deadline set for December 31, 2024. The updated regulations emphasize transparency and investor protection, requiring stablecoin issuers to maintain appropriate reserves with qualified custodians and to publicly disclose information about their … Read more
Bank of Canada Redirects Efforts Away From Retail CBDC
The Bank of Canada has announced a strategic shift away from developing a retail Central Bank Digital Currency (CBDC) to focus on broader payments system research and policy development. This decision follows a public consultation in 2023, which revealed significant privacy concerns among Canadians. While the central bank remains open to revisiting the idea of … Read more
