Canada – Page 3 – Ƀitsell X

Canada flags concern on AI-generated deepfake disinformation campaigns

November 17, 2023

The Canadian agency also noted privacy violations, social manipulation and bias among the concerns that AI raises. The Canadian Security Intelligence Service (CSIS), Canada’s primary national intelligence agency, raised concerns about the disinformation campaigns conducted across the internet using artificial intelligence (AI) deepfakes. Canada sees the growing “realism of deepfakes” coupled with the “inability to…
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How to manage crypto losses on tax returns in the US, UK and Canada

November 8, 2023

Unlock the complexities of cryptocurrency taxation and learn how crypto losses impact your tax liability in the United States, United Kingdom and Canada. Cryptocurrency taxation is a subject of increasing importance, with governments worldwide working diligently to establish clear rules for taxing digital assets. In the United States, the United Kingdom, and Canada, crypto holders…
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5 nations challenge crypto experts and investigators to target tax crimes

November 3, 2023

The J5 generates significant leads through events, which, in the past, has helped uncover multimillion-dollar crypto Ponzi schemes, such as the BitClub Network. The Joint Chiefs of Global Tax Enforcement (J5), a global anti-tax fraud group, hosted investigators, cryptocurrency experts and data scientists in “The Cyber Challenge” event to track down individuals and organizations committing…
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Kraken to suspend trading for USDT, DAI, WBTC, WETH and WAXL in Canada

October 28, 2023

According to customer emails, the changes will go into effect starting Nov. 30. Kraken will suspend all transactions related to Tether (USDT), Dai (DAI), Wrapped Bitcoin (WBTC), Wrapped Ether (WET) and Wrapped Axelar (WAXL) in Canada in November and December, according to multiple customer emails shared with Cointelegraph. In response to a request for comment…
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North America Is Largest Crypto Market Despite Regulatory Uncertainty, Chainalysis Reports

October 25, 2023

North America leads in terms of cryptocurrency usage despite the ongoing regulatory uncertainty, blockchain forensics firm Chainalysis revealed. Meanwhile, stablecoin-related activity has been decreasing with users shifting away from U.S.-based services. The region’s share in decentralized finance (defi) usage has declined as well. Institutional Crypto Activity Plays Bigger Role in North America Than Other Regions,…
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Bank of Canada Assesses DeFi’s Innovation and Challenges on Financial Markets

October 17, 2023

The Bank of Canada published a staff analytical note that mirrors the development of decentralized finance (DeFi) alongside possible routes of wider market regulations. The staff note released on Oct 17 shows the development stages of the cryptocurrency market, its benefits, challenges facing traditional finance, risk, and possible impact on financial markets alongside regulations…. Read…
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Canada central bank assesses innovations and challenges of DeFi

October 17, 2023

The staff note suggested that, although the DeFi ecosystem brings a ton of innovations in the financial sector, the regulatory challenges and vulnerability limit its potential use in traditional finance. The Bank of Canada published a staff note on decentralized finance (DeFi) on Oct. 17, assessing the innovations that made it popular and the challenges and…
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‘ETFs Are Inevitable But Not Imminent’, Crypto Expert Argues

October 5, 2023

Talking to Cryptonews, crypto expert Peter Eberle discussed the potential for crypto exchange-traded funds (ETFs), the impact of the Grayscale-US SEC battle, the current state of crypto investments, and the relevance of regulatory clarity in the space. Eberle is the President and Chief Investment Officer of Castle Funds, an investment firm that has been managing…
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Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says

October 4, 2023

The potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Bank of Canada study shows. A common argument made in favor of central bank digital currency (CBDC) is that it could boost financial inclusion. The nuances of how to accomplish that goal, or even what “financial inclusion” means, remain to…
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Crypto Biz: Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain

September 23, 2023

This week’s Crypto Biz explores SVB Capital bids, new funds from Blockchain Capital, the Hut 8-US Bitcoin merger and Citigroup’s private blockchain. The venture capital industry appears to be gearing up for portfolio rebalancing in 2024, with investors positioning themselves to increase exposure to digital assets in the next bull market. Blockchain Capital, for instance,…
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