Canada on the Cusp of a Bitcoin Crackdown?
Canadian officialdom’s critical stance on Bitcoin continues, and now it is tangibly affecting components of the Canadian Bitcoin network. In light of Bank of Canada governor Stephen Poloz’s parliamentary committee statement that “We’ve got a way to go before we need to be thinking about policy implications,” it comes somewhat as a surprise that a Bitcoin mining company has had its operations suspended for at least three months due to the government “taking exception” to the wording on part of its website, as Vice.com reports. Dominion Bitcoin’s CEO Peter Voldeng says it is one of the....
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Canada’s financial watchdog fined crypto platform Cryptomus $126 million last October after the company allegedly failed to flag suspicious transactions on 1,068 separate occasions in a single month. Related Reading: Crypto Power Move: Bitmine Ramps Up Ethereum Buys To 4.6M ETH A month before that, crypto exchange KuCoin was handed a $14 million penalty for […]
The diversified location of Bitcoin mining facilities following China’s crackdown is great news for the rest of the world, iMining CEO Khurram Shroff says. China’s regulatory crackdown on cryptocurrencies continues to alienate major miners. Dubai-based investment company IBC Group reportedly plans to end Bitcoin (BTC) and Ether (ETH) mining operations in China following ban announcements from the different provinces across the country.The group has major mining operations in China and plans to distribute its operations to the United Arab Emirates, Canada, the United States, Kazakhstan,....
Ethereum is the most recent asset caught in the path of the bulldozing machine that is China’s crackdown on crypto and crypto-related activities. When the country had begun to crackdown on mining earlier in the year, much focus had been placed on bitcoin given that it was the most popular cryptocurrency in the market. And […]
http://www.youtube.com/watch?v=3BKawxWMfbA. From video description: Michael Perklin (Bitcoin Alliance of Canada), Francis Pouliot (Bitcoin Embassy/Bitcoin Foundation Canada), Jillian Friedman (Bitcoin Foundation Canada), Guillaume Babin-Tremblay (Bitcoin Foundation Canada), Stuart Hoegner (Bitcoin Alliance of Canada).
Several U.S. lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage over China.” US Lawmakers Comment on China’s Cryptocurrency Crackdown Following the latest news of China’s crackdown on cryptocurrency, several U.S. lawmakers have shared their views on the situation. Senator Pat Toomey from Pennsylvania said: China’s authoritarian crackdown on crypto, including....