Recent surveys conducted by the Bank of Canada reveal that the adoption of cryptocurrency for everyday transactions in Canada remains low, with less than 3% of Canadians using Bitcoin or other cryptocurrencies for payments in 2022 and 2023.
Read MoreFor the first time in 10 months, the global count of active Bitcoin ATMs has declined since July 2023. The United States and Canada jointly represent 91.4% of the total Bitcoin ATM network, with 31,089 (82.6%) machines in the U.S. and 2,909 (7.7%) in Canada.
Read MoreCanada's financial regulator, FINTRAC, has fined Binance, the world's largest cryptocurrency exchange, a hefty sum of 6 million Canadian dollars, approximately $4.4 million USD.
Read MoreThe Canadian Association of Alternative Assets and Strategies (CAASA) and KPMG Canada recently produced a survey that indicates the country's acceptance of cryptocurrencies is growing.
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