First major success in US Congress for two crypto bills: Law Decoded
In a 35–15 vote, the House Financial Services Committee approved the Financial Innovation and Technology for the 21st Century Act. Go to Source Powered by WPeMatico
Canada
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Canada proposes new capital rules for crypto holdings
The Office of the Superintendent of Financial Institutions (OSFI) is opening public consultations on two draft guidelines updating its capital and liquidity approach to crypto assets. Go to Source Powered by WPeMatico
Canada’s court deem 👍 emoji valid as a contract agreement: Report
The case sought to determine whether a Canadian farmer had agreed to sell tons of flax to a grain buyer in 2021 by replying with a thumbs-up emoji. Go to Source Powered by WPeMatico
Canadian regulator explains stance on crypto staking, lending for investment funds
Staking is still allowed, while the lending opportunities are limited and the proportion of “illiquid” assets is restricted. Go to Source Powered by WPeMatico
‘A lot of the bad actors have been shaken out of the market’ — Bitvo CEO
Bitvo president and CEO Pamela Draper spoke with Cointelegraph at the Collision Conference in Toronto on the firm almost being acquired by FTX and Canada’s regulatory environment. Go to Source Powered by WPeMatico
Canadian committee proposes measures to support blockchain, crypto
The report which consists of 16 separate proposals, highlights the advantages and potential of blockchain technology in various sectors. Go to Source Powered by WPeMatico
Ripple expands Canadian engineering activities with U of Toronto XRP validator
Canada’s largest university is the third in the country to partner with Ripple’s University Blockchain Research Initiative. Go to Source Powered by WPeMatico
Crypto exchange Bybit exits Canada, citing ‘recent regulatory development’
Headquartered in Dubai, Bybit plans to leave Canada while exploring expansion into new markets like Kazakhstan. Go to Source Powered by WPeMatico
Bitcoin FOMO is gone, portfolio managers are taking BTC seriously — 3iQ CEO
In an interview with Cointelegraph during the Bitcoin 2023, Fred Pye spoke about how Canada’s advanced regulation for crypto trading is drawing investors to the digital assets market. Go to Source Powered by WPeMatico
Binance calls it quits in Canada, blames new rules
Binance is the latest in a string of departures from CEO Changpeng Zhao’s home country; it promises to keep working with regulators. Go to Source Powered by WPeMatico
