Tag: Cryptocurrency

Cryptocurrency Trading Sees A Rise

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Cryptocurrency is finally stripping itself of its old title as a fad, and is seeing widespread adoption. Particularly a lot more investing is happening in Canada. A lot of speculation is normal surrounding a new concept, especially a digital currency that is separate from the government. However nowadays holding cryptocurrency…

Bank of Canada Says Digital Currency May Be Needed Due to Pandemic

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The public’s use of online services has increased during the pandemic, prompting the Bank of Canada to look into ways that a central bank digital product might be distributed and accepted quickly. The Bank of Canada’s Deputy Governor Tim Lane discussed the possible development of a CBDC (central bank digital…

Two Canadian Men Scammed Out of a Combined $25,000

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Criminals impersonating Canada Revenue Agency officials have been scamming people by approaching them with fraudulent complaints, which they then offer to resolve via Bitcoin. Canadian Police have sent out warnings to citizens, urging caution if they are confronted over related issues. Up to CAD $25,000 has been leeched off of…

Canada Revenue Agency is Investigating Failed Cryptocurrency Exchange QuadrigaCX

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The Canada Revenue Agency is auditing QuadrigaCX’s corporate tax returns, according to the bankruptcy trustee overseeing its case. The CRA sent a letter to bankruptcy trustee Ernst & Young announcing that it will be reviewing QuadrigaCX’s tax corporate tax returns ranging from 2015 to 2018. QuadrigaCX was Canada’s largest cryptocurrency…