Major Canadian investment fund manager 3iQ and blockchain firm Mavennet co-launched a newly regulated stablecoin pegged to the Canadian Dollar (CAD). Developed by Canada Stablecorp, a joint venture between 3iQ and Mavennet, QCAD is the latest CAD-based stablecoin and was officially launched on Feb 11. QCAD total supply accounts for about 150,000 CAD at the […]
The Bank of England on January 21st, 2020, has officially announced that it will be exploring the use cases of central bank digital currencies (CBDC). However, the bank will work with a group of other central banks from around the globe. Moreover, each bank will share their learnings to educate each other on the potential […]
Despite the biggest declines in six months, Israeli-based fintech & cryptocurrency firm Simplex now supports two new fiat currencies – JPY & CAD. With this move, the Binance’s partner now allows its users to buy crypto with a credit card using the Japanese Yen and the Canadian Dollar. However, not all Simplex’s partner exchanges will […]
The Financial Transactions and Reports Analysis Centre (FinTRAC) of Canada has obligated all the crypto exchanges to register as of June 1, 2020. It will come into action with other changes in the anti-money -laundering regulations. The firms have to keep an eye on their client records and report in case of suspicious actions.
Southern Alberta Institute of Technology, a Canadian University is granting blockchain-based diplomas to its graduating students. The tech institute is partnering with On-Demand Education Marketplace (ODEM). This technology is based on the decentralized digital ledger. It will ensure the authenticity and security of these digital documents. These virtual diplomas will allow the students to share […]
The Canadian based social media startup Kik will fight SEC, the US Securities and Exchange Commission over its initial coin offerings(ICO). For this, it has launched a crypto crowdfunding of whopping $5 million. The founder cum CEO of Kik, Ted Livingston along with Cooley LLP, a partner at a law firm made this announcement on […]
IBM Canada has partnered with Boehringer Ingelheim, a Canadian pharmaceutical company, to test the use of blockchain in clinical trials’ record keeping. The partnership is intended to check if integrating blockchain technology with clinical records keeping maintains the data integrity and transparency or not. The collaboration is aimed at automating the data recording process and reducing the upfront costs.
Canada’s Chamber of Digital Commerce has merged with the Blockchain Association of Canada to form a new entity that will focus on developing a strong blockchain ecosystem in the nation. As per the press release, Tanya Woods, Executive Director and Policy Strategist of BAC, has been appointed as the Managing Director of the Chamber of Digital Commerce Canada.
Deloitte has partnered with The Institutes RiskBlock Alliance, a blockchain consortium of 30 insurance companies, to help the firm expand its operations into Canada. As stated, Deloitte has already associated with regulators in Canada to get support for the consortium formation. Earlier, RiskBlock had also announced about chairing the blockchain standards for ACORD, the global insurance standards-setting body.
The rise of Cryptocurrency and Blockchain have got a significant contribution from Canada and is now the third biggest hub. The local government is the creator of favourable conditions. Its pragmatic support has fueled many innovators and investors to explore Blockchain application in the country. However, it can become further commendable in Blockchain by offering quality education and training to the aspirants, feel the industry gurus.