Binance is leaving and the Bank of Canada is exploring a digital Canadian dollar. Read on for what that means for the crypto industry.
What has the response been to Canada’s hard line?
Cryptocurrency advocates around the world have resisted rules set by authorities, and criticized Canada’s regulators from the get-go for what they saw as a stifling of innovation. They argued that the whole point of cryptocurrencies such as bitcoin is to remove the middleman — whether that’s a banker or a regulator. That’s because the backbone of these digital currencies, known as the blockchain, is supposedly a self-policing technology.
Coinbase, the largest crypto exchange in the United States, says it signed a pre-registration undertaking, or PRU, with Canadian regulators.In addition, San-Francisco-headquartered Coinbase, the largest crypto exchange in the United States, says it signed a pre-registration undertaking, or PRU, with Canadian regulators on March 24, and is committed to working with Canadian regulators to comply with a regime that “protects consumers while embracing innovation.
Kraken, another large San Francisco-based crypto exchange, is also understood to be working with Canadian regulators with an eye to becoming authorized to do business with Canadians.Article contentand other central banks are considering is creating digital versions of their traditional paper and coin currencies. The Bank of Canada isn’t convinced it’s a good idea to shift to a digital dollar right now but wants to know what Canadians think, with a consultation running through June 19, 2023.
There couldn’t be many in Ontario as both Binance and FTX were forced to wind down accounts after tangling with the OSC in 2021 and 2022. However, there are some Binance clients in other provinces that were slower to regulate. Binance isn’t saying much about what’s happening with them, other than that they have received emailed information directly from the company, which it declined to share.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Binance's exit and Bank of Canada's digital loonie discussions: How they impact Canadian cryptoBinance is leaving and the Bank of Canada is exploring a digital Canadian dollar. Read on for what that means for the crypto industry.
اقرأ أكثر »
Canadian on U.S. 'Most Wanted' list extradited from Canada to face charges in DetroitA suspect who had been on an American 'Ten Most Wanted List' was extradited this week from Canada in order to face drug trafficking charges in the U.S.
اقرأ أكثر »
Risk of shock to financial system down, but concerns linger: Bank of Canada survey - BNN BloombergRisk management experts believe the likelihood of a shock that could impair the Canadian financial system has decreased since last year, but concern remains around geopolitical tensions, high inflation, unemployment and household debt burdens.
اقرأ أكثر »
Risk of shock to financial system down, but concerns linger: Bank of Canada surveyRisk management experts believe the likelihood of a shock that could impair the Canadian financial system has decreased since last year, but concern remains around geopolitical tensions, high inflation, unemployment and household debt burdens.
اقرأ أكثر »
The Week Ahead: Canada inflation data; Earnings from Home Depot, Canada Goose - BNN BloombergA look at what investors will be watching in the upcoming week.
اقرأ أكثر »
![Binance Coin [BNB] bulls secure $303 support – are more gains on the way?](https://i.headtopics.com/images/2023/5/15/cryptoamb/binance-coin-bnb-bulls-secure-303-support-are-more-binance-coin-bnb-bulls-secure-303-support-are-more-1657982893145092097.webp?w=640)
Binance Coin [BNB] bulls secure $303 support – are more gains on the way?BNB's defense of the $303 support level spurred a bullish rally with gains of over 3.5% in the past 48 hours.
اقرأ أكثر »