Canada Orders Convicted Dark Web Narcotrafficker to Forfeit $1.8 Million in Bitcoin

By CCN.com: As CCN previously reported, Canadian Matthew Phan has been fighting to keep his cryptocurrency holdings out of the hands of the government after his arrest in 2015 and subsequent conviction. Phan’s argument was tenuous: he argued that not all of his crypto stash came from drug sales and that he should be allowed to keep his altcoins. The judge in his case has finally ruled on the matter, and Phan comes out in actually half-decent shape. You see, his Bitcoin stash was worth about $ 88,000 Canadian at the time of his arrest in 2015. Today it is worth

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QuadrigaCX Scandal Jolts Canada to Regulate Cryptocurrency Exchanges

The infamous QuadrigaCX scandal has culminated in the losses of $ 150 million in user’s cryptocurrency funds. Now, Canada has called for “input” on tailoring new regulation to cryptocurrency exchanges operating within its borders. Canada’s Securities Regulator and Investment Body Issue a Consultation Paper to Increase Investor Protection Canada has held back on detailed cryptocurrency regulation. It currently adopts a wait and see approach and utilizes its existing securities laws and regulators. In this way, Canada monitors and guides emerging fintech and cryptocurrency businesses in the country. An exchange’s entire funds vanishing as the founder dies without leaving access to cold

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Google is Banning Political Ads in Canada, But the Tech Giant Cannot Be Trusted

Alphabet Inc.’s Google is banning political advertising in Canada just in time to apply to the 2019 Federal elections. The prohibition came in the wake of the Elections Modernization Act, passed by the Canadian Senate this December, which requires online advertising platforms to monitor and report all political and partisan ads. The penalties for not adhering to the said Bill C-76 could slap offenders with fines and possibly, imprisonment. Ruby Sahota, the liberal politician in Canada, said the Election Modernization Act would limit third-party influence on the outcome of the upcoming Federal elections. “No foreign actors would be allowed to

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This Uber Co-Founder’s Bitcoin Brokerage Just Went Public in Canada

Voyager, a brokerage startup that helps users easily find the best prices for Bitcoin and other crypto assets, has gone public in Canada on the Toronto Venture Exchange (TSX-V) through a reverse merger reportedly worth $ 60 million. The privately-held company co-launched by ex-Uber CTO Oscar Salazar acquired publicly-traded company UC Resources Ltd. Voyager entered a share-purchase agreement with the former mineral exploration company, which led to the formation of a newly merged venture, dubbed Voyager Digital (Canada) Ltd. Voyager is now trading on the TSX Venture Exchange. For us, going public just made sense to bring transparency to our business and

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