How These Web3 Companies Will Turn Canada Into A “Digital Economy” Leader
A group of companies has created the Canadian Web3 Council, a non-profit organization. Aimed at making Canada a “leader” in the digital economy, including blockchain and cryptocurrencies. This organization is comprised of distinguished companies in the sector, according to a press release. Related Reading | Interview With Ether Capital On Their Bet In Ethereum 2.0 […]
Related News
Robust property rights in the physical world are one of the key indicators of a wealthy economy — and that’s exactly what digital property rights enable in Web3, says Animoca's co-founder. Yat Siu, co-founder of Hong Kong-based venture firm Animoca Brands has argued that on-chain digital property rights are the main aspects of blockchain technology that will drive a more decentralized society.Speaking at Korean Blockchain Week 2022 (KBW), the Hong Kong entrepreneur noted that we’re all “digital dependents” and “data is the resource of metrics” that bring value to platforms like Apple,....
The Canadian Revenue Agency (CRA) has announced it views Bitcoin and digital currency as “specified foreign property” for tax purposes. The clarification was given in a document, originally dated April 16, as part of a response to a request for additional information regarding Canada’s tax treatment of digital currency wealth. The request outlined a situation in which a company invests over a certain amount “in a foreign partnership, which in turn invests in digital currency (e.g. bitcoins). The foreign partnership uses currency arbitrage/exchange and other trading methods to increase the....
Anthony Di Iorio was one of the original founders of the Ethereum project, which received ample attention in 2016 as it passed a billion dollar market cap for the first time. Technology firms both inside and outside the Bitcoin industry are exploring the ways in which non-financial applications and Ethereum-based projects could change our world. Di Iorio, for the most part, has been at the heart of this in Canada. The nation’s most-headlined FinTech project has been the Royal Canadian Mint’s MintChip project, which recently sold to nanoPay. But Di Iorio has commanded a large part of the....
Fed up with lockdown life, under-employed or overworked, many people are ditching their old routines and risking it all to pursue what is really important to them. Pundits have dubbed this movement of fulfilment-seeking workers and their money the ‘YOLO economy’. Cryptocurrency, now able to bring its promise of financial freedom to the masses via […]
Canada's inflation rose to 40-year highs this year while Bitcoin's price plummeted in the same period. According to a new Twitter post on Tuesday, Canadian Prime Minister Justin Trudeau made critical remarks regarding newly elected opposition leader Pierre Pollievere's pro-crypto platform, writing: "We’ll also call out questionable, reckless economic ideas. Telling people they can opt out of inflation by investing in cryptocurrencies is not responsible leadership."In a separate TV appearance, Trudeau reiterated the remarks, adding that "responsible leaders" shouldn't advocate for....