Global #Canada

Bitcoin Well, a leading Canadian company, has announced a significant move to bolster its Bitcoin holdings. The company has added 7.5 BTC to its treasury and plans to raise $2 million through a bond offering to further increase its Bitcoin reserves.

Balance, a long-established Canadian crypto custodian, has recently achieved qualified custodian status. This milestone marks a significant step towards bringing the safekeeping of Canadian-issued crypto ETFs back to domestic shores.

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has announced that it will close all customer accounts in Canada effective December 31, 2024. This decision was communicated to Canadian users via email on September 30, giving them a 90-day window to withdraw their assets from the platform.

The Canadian Securities Administrators (CSA) have once again extended the deadline for crypto trading platforms (CTPs) to comply with regulations concerning stablecoins, marking the second such extension.

In a significant update last week, the Bank of Canada announced a shift in its approach to central bank digital currency (CBDC) development, moving away from the idea of a retail digital Canadian dollar.

In a recent landmark ruling, the Supreme Court of British Columbia has set a precedent for the legal treatment of cryptocurrency in Canada.