Bitcoin Plot: Canadian Soldiers Arrested
Three Canadian Armed Forces members were arrested in Toronto for an armed crypto-kidnapping plot, seizing stolen military ammunition. #Breaking #Crypto
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Bitcoin Fraud Trial: Pleterski Self-Defense
Canadian court allows Aiden Pleterski to represent himself in October fraud trial after $40M crypto scheme losses; only $3M recovered. Justice Nakatsuru denied trial delay request. #Breaking #Legal
BetMGM Launches $50K NFL Jackpot
Betmgm introduces BetDefense for injury refunds and Ultimate Teams for daily cards and jackpots, excluding Alberta, Ontario, and Puerto Rico. #Update #Gaming
Canada Approves Tokenized Banking Deposits
Canada’s OSFI confirms tokenized deposits are legally equivalent to traditional ones, easing regulatory hurdles for banks and boosting digital adoption. #Update #Legal
Coinbase Launches Crypto Trading in Canada
Webull launches crypto trading in Canada using Coinbase infrastructure to meet rising demand for secure services. The move aligns with growing local market interest. #Update #Crypto
Crypto Fraud: Canada Lags Behind India
ZachXBT criticizes Canadian authorities for weak action on crypto fraud, naming Toronto a top cybercrime hub and declining victim requests due to stalled evidence. #Update #Crypto
Bitcoin Mining Expands with 100 MW Alberta Site
Bitdeer begins construction on a $155M energy and computing hub in Alberta, integrating a 101 MW gas plant with a 100 MW data center for bitcoin mining and AI workloads. #Update #Crypto
Bitcoin: Canada Bans 4,000 Crypto ATMs
Canada plans to ban crypto ATMs, citing their use in scams and crime. With 4,000 machines, Canada leads globally per capita. Details on enforcement remain pending. #Update #Legal
iGaming Ads Ban Ontario Liberals Act
Ontario Bill 107 proposes banning online gambling ads, facing unlikely passage due to political dynamics. Fines up to C$1M; second offense revokes licenses. #Update #Legal
Bitcoin Investment Proposal Blocked by Vancouver
Vancouver Mayor Ken Sim’s proposal to invest city reserves in $BTC is blocked by municipal law, as the Vancouver Charter prohibits such investments, limiting options to conservative assets. #Update #Legal $BTC
Crypto Custody Rules Launched to Prevent QuadrigaCX
Canada’s investment regulator, CIRO, has launched new digital asset custody rules to enhance investor protection and respond swiftly to risks like fraud and hacking, following the QuadrigaCX collapse. #Update #Crypto $BTC
Stablecoins Policy Approved in Canada Budget
Canada’s government passed a federal budget that includes a stablecoin policy overseen by the Bank of Canada, requiring issuers to maintain one-to-one reserves and prohibiting interest on stablecoins. #Update #Crypto $CAD
Stablecoin Regulations Launch in Canada Next Week
Canada plans to unveil a stablecoin regulatory framework by November 4, 2025, influenced by the U.S. GENIUS Act, requiring coordination with provincial regulators. #Update #Crypto
KuCoin Faces $14M Canadian Money Laundering Dispute
@KuCoin is appealing a $19M penalty from Canada’s FINTRAC for failing to register as a money-services business and not reporting suspicious transactions. The case involves serious violations from 2021-2024. #Breaking #Legal $USDT