Ontario – DIGIT INFO

Bitcoin miner Hut 8 takes stoush with Ontario power supplier to court

DIGIT — Fri, 27 Jan 2023 05:01:12 +0000

The lawsuit escalates a months-long dispute between the crypto miner and one of its energy suppliers in Canada.

Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting ‘Wasted Gas to Energy at Scale’

DIGIT — Fri, 12 Aug 2022 18:00:23 +0000

The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power stations in Ontario, Canada, that will become crypto mining facilities. On the same […]

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Canadian regulator takes enforcement actions against Bybit and Kucoin

DIGIT — Wed, 22 Jun 2022 21:17:16 +0000

“Bybit responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions,” said the OSC.

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Binance Informs Canadian Regulator It’s ‘Committed’ to Ceasing Crypto Trading Services in Ontario

DIGIT — Mon, 21 Mar 2022 05:30:38 +0000

Cryptocurrency exchange Binance has informed the Ontario Securities Commission (OSC) that it is committed to ceasing opening new accounts for Ontario residents and winding down certain services to comply with regulations. Binance Promises to Increase Efforts to Comply With Regulation Cryptocurrency exchange Binance sent a letter to the Ontario Securities Commission (OSC) Wednesday. In the […]

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Crypto Exchange Bitfinex Stops Servicing Ontario Customers, Asks Users to Withdraw Funds

DIGIT — Sun, 16 Jan 2022 04:30:23 +0000

Cryptocurrency exchange Bitfinex has asked its Ontario users to withdraw their funds since they will no longer have access to any services offered by Bitfinex in March. Bitfinex Stops Providing Services to Ontario Customers Crypto exchange Bitfinex announced Friday that it is making changes to the services it provides to Ontario customers. Effective immediately, the […]

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Canada Detains Teen for Alleged $36 Million Cryptocurrency Theft

DIGIT — Sun, 21 Nov 2021 06:30:27 +0000

A teenager has been arrested in Canada after committing what law enforcement officials in Ontario have described as the largest crypto theft by a single person. The Canadian is accused of stealing tens of millions of dollars through a SIM swap targeting a crypto holder in the U.S. Teen Arrested in Canada for Stealing Crypto […]

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Payments Provider Clear Junction Stops Processing Payments for Binance

DIGIT — Mon, 12 Jul 2021 21:35:01 +0000

On Monday, the global payments solutions provider Clear Junction announced it ceased processing transactions for Binance. The move by Clear Junction was brought on by the Financial Conduct Authority’s (FCA) recent warning, according to a blog post written about the decision. Clear Junction Ceases Processing Payments for Binance Citing the Recent FCA Warning The Financial […]

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Ontario Crackdown on Crypto Exchanges Continues With Binance Leaving the Province

DIGIT — Sun, 27 Jun 2021 12:30:27 +0000

Cryptocurrency exchange Binance will no longer provide services in the Canadian province of Ontario. The decision comes amid ongoing regulatory pressure on digital asset trading platforms that has already affected the operations of several exchanges. Crypto Exchange Binance Exits Canada’s Ontario Binance, which is one of the world’s leading cryptocurrency exchanges by daily volume, has […]

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Binance to cease operations in Ontario following regulatory crackdown

DIGIT — Sat, 26 Jun 2021 22:07:49 +0000

Ontario’s crypto exchange crackdown continues as Binance plans to end operations Dec. 31, 20201.

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Ontario Securities Commission Snuffs out Crypto Exchanges, Poloniex Targeted for Flouting Compliance

DIGIT — Wed, 26 May 2021 21:30:08 +0000

The Ontario Securities Commission (OSC) published documentation on Tuesday that claims the Seychelles-based crypto exchange, Poloniex has failed to contact the OSC in order to start compliance discussions. Poloniex meets the OSC’s jurisdiction because the trading platform operates trading accounts for Ontario residents, the OSC’s breach and conduct report notes. OSC Says Poloniex Failed to […]

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