Category: Canada

Blockchain-based EV charging trial gets $1M from Canadian government

Blockchain-based EV charging trial gets $1M from Canadian government

A bi-directional charging scenario allows vehicle owners to sell excess power back to office buildings at a profit. 3358 Total views 27 Total shares A three-year pilot scheme for an innovative blockchain-based electric vehicle charging platform has received $1 million in funding from Natural Resources Canada, a department of the country’s government. The scheme promises […]

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Canada Tax Collector Seeks to Force Crypto Exchange Coinsquare to Fork Over Client Records

Canada Tax Collector Seeks to Force Crypto Exchange Coinsquare to Fork Over Client Records

The Canadian Revenue Agency is asking a judge to force cryptocurrency exchange Coinsquare to hand over seven years of client data in a legal action that could help it audit Canadians for unreported crypto gains. CRA wants to check whether Coinsquare’s users “complied” with their tax reporting obligations, according to National Post. Canada’s tax collectors […]

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Blockchain Firm Figment Raises $2.5M in Funding Round Led by Bonfire Ventures

Blockchain Firm Figment Raises $2.5M in Funding Round Led by Bonfire Ventures

Oct 29, 2020 at 13:06 UTCUpdated Oct 29, 2020 at 15:01 UTC Canada-based blockchain infrastructure provider Figment has completed another multi-million dollar funding round. Announced Thursday, the startup said it raised $2.5 million in an additional funding round led by Bonfire Ventures with participation from FJ Labs, XDL Capital Group and BKCM, among others. “This […]

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Will they or won’t they? Central banks eye each other’s digital currency moves

Will they or won’t they? Central banks eye each other’s digital currency moves

Canada doesn’t want any “surprises” regarding central bank digital currencies. In a recent interview with Reuters, Bank of Canada Governor Tiff Macklem doubled down on the country’s contingency-plan approach to CBDCs, stressing that he sees no urgent need to issue one right now.  For Macklem, inter-state competition and coordination remains the key question when it […]

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