Despite Recent Threats From Canadian Officials, ‘Real Crypto’ or Decentralize...
Over the last week, there’s been a lot of discussion about Canada ‘freezing’ digital currency accounts that are associated with the Canadian trucker’s Freedom Convoy. Amid the topical conversation, it should be stressed that decentralized cryptocurrencies like bitcoin and ethereum, cannot be frozen directly within the network. However, the Canadian government can flag specific digital currency addresses and take it even further, by asking centralized entities like crypto exchanges and payment processors to freeze the funds. Canadian Officials Can Flag....
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My name is Matt Burgoyne and I'm an associate at Canadian legal firm McLeod Law. I'm involved with Canadian and international counsel in the developing area of virtual currency law, specifically including bitcoin currency. Does Canada consider bitcoin to be a real sovereign "currency" or simply a commodity? This question is particularly relevant given various bitcoin related news stories that have involved Canadian companies in recent weeks. First, as most have no doubt heard, there is at least one bitcoin ATM operating in a Vancouver coffee shop, and according to a Vancouver Sun article....
A St. Lawrence county town located in New York near the Canadian border, Massena, is another region in the state that is having issues with bitcoin miners. According to recent reports from the local WWNY-TV news desk and Reuters, the Massena town supervisor is drafting new regulations for bitcoin mining operations. Officials From Town of Massena Don’t Like the Look of Bitcoin Miners Operating Alongside Route 42 The town of Massena, with a population of around 13K, has attracted bitcoin miners according to a report from Reuters. The New York town’s officials have taken issue....
The crypto industry is always subject to different kinds of security threats, with hackers and scammers developing new methods every now and then. As crypto adoption grows, so do the threats facing digital asset owners. While recent data have shown that crypto hacks regarding Web3 and DeFi platforms have been falling in the first half […]
Canadian law enforcement officials want to make their jobs easier, lobbying for a new law that would force people to give up their computer passwords upon request. Canadian Police Back Resolution to Compel Users to Give Up Passwords. The Canadian Association of Chiefs of Police (CACP) passed a resolution on August 16, 2016, advocating for such a law to be enacted by parliament. The timing of the resolution was decisively made to maximize its influence, as the Canadian government has begun conducting a study on cybersecurity and how to balance online freedoms with the police’s ability to....
Canadian government officials may not think that bitcoin is legal tender, but thanks to a new startup, you can still pay your taxes in it - along with a lot of other bills. Canadian firm Bylls has become one of the first to offer bill payment in bitcoins. The service, only available in Canada at present, enables users to pay around 6,000 Canadian organisations - including the government - in bitcoins, by handling the fiat conversion for you. Started by Eric Spano, Bylls was incubated at the Bitcoin Embassy, a bitcoin education and advocacy group in a 14,000 square-foot building in....