Canadian Investor GreenBank Capital Launches Bitcoin-related Subsidiaries
Canada's GreenBank Capital has launched two new subsidiaries to invest in bitcoin startups and cryptocurrency in general. The investment firm claims to be the first public company with a presence in bitcoin, thanks to its new subsidiaries: Bitcoin Canada Investments Inc and Bitcoin Angel Capital. Bitcoin Canada will invest exclusively in bitcoin, while Bitcoin Angel will invest in early-stage projects in bitcoin as well as other cryptocurrencies. GreenBank plans to spin-off both companies at a later date, listing their shares publicly on the Canadian Stock Exchange. GreenBank will maintain....
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Canada-based GreenBank Capital, a newly-formed investment company, has launched two brand new investment companies that surround the cryptocurrency bitcoin. The goal? To invest in bitcoin-related businesses and improving the cryptocurrency ecosystem. The first of the two companies is Bitcoin Canada Investments Inc - designed to exclusively fund bitcoin projects. The second company is known as Bitcoin Angel Capital. This company will also invest in bitcoin projects, but will expand the frontier and also invest in altcoins. Each investment firm's portfolio will be subject to a 10% fee by....
Publicly traded Canadian Greenbank Capital Inc (CSE:GBC and OTCMKTS:GRNBF) has announced that the offering of a cryptocurrency that focuses on user identification in contrast to Bitcoin’s and other altcoin’s user anonymity policies. Citing recent concerns by some figures in the public sector and financial sector about Bitcoin and other cryptocurrencies being good opportunities for illegal activity, Greenbank Capital is focusing on making sure that can’t happen with their product. “GreenCoinX is the world’s first and only crypto currency that requires users to be identified before usage.....
For example, if a foreign company wanted to export items to China, they will not be able to do so due to capital control. The financial turmoil in China is far from over by the look of things, and tighter capital control over foreign companies in the region are being enforced. This has a crushing effect on Japanese companies, as their Chinese subsidiaries struggle to get payments across. As it becomes harder for the Chinese to move funds in and out of the country over the past few months, all companies dealing with Chinese subsidiaries will be affected at some point. For Japanese firms,....
The Canadian Securities Administrators will require crypto trading platforms to file an undertaking committing them to investor protections while their registration is in process. The Canadian Securities Administrators (CSA), the council of provincial and territorial securities regulators, announced Monday that crypto trading platforms will be expected to provide a preregistration undertaking to their principal regulators as they take steps to comply fully with securities regulation. Two platforms, Crypto.com and the Canadian platform Coinsquare Capital Markets, have already filed those....
Holding such ETFs in registered accounts can either entirely offset or reduce capital gains tax liabilities for Canadian customers. On Thursday, Fidelity Canada officially launched the Fidelity Advantage Bitcoin exchange-traded fund (ETF) and the Fidelity Advantage Bitcoin ETF Fund (mutual fund), marking the first such assets to be made available in the country and confirming earlier reports on the matter. The funds have the tickers FBTC and FBTC.U, denominated in Canadian and United States dollars, and are listed on the Toronto Stock Exchange. Fidelity's Bitcoin ETFs seek to track the....