“With green hydroelectricity at a competitive price, innovative universities and this recent decision by the Energy Board that clearly supports the [mining] industry, Québec has all the ingredients to become a blockchain hub,”
In early March 2019, Coinberry provided the technology, infrastructure and implementation for the town of Innisfil, a government municipality in Canada, to start accepting tax payments in bitcoin. What's next for governments?
A number of provincial governments are offering lower rates to attract bitcoin miners and Labrador’s government is considering energy incentives to attract “outstanding requests for service” from bitcoin data processors.
A Canadian drug dealer has been ordered to forfeit about 281.41 bitcoin after it was found that he used the cryptocurrency to fund his illegal activities. It’s been reported as Canada’s largest-ever bitcoin forfeiture.
QuadrigaCX monitor Ernst & Young suspects that the exchange’s late CEO may have been financing personal expenditures with company funds. It is now recommends that assets in his estate be placed under a preservation order.
A consultation paper asks 22 questions and requests comments from crypto stakeholders about what regulations would best fit in the unique, new cryptocurrency marketplace.
The Canada Revenue Agency has apparently been specifically targeting bitcoin and crypto investors as part of its broader tax strategy to keep tabs on their cryptocurrency investments, including how they purchase these assets.
Justice Wood has given Miller Thompson and Cox & Palmer, a joint counsel of two firms, the bid to represent claimants who have lost funds to the defunct crypto exchange.
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