For investors in cannabis stocks who believe that we are now in the Wild West where anything goes thanks to legalization, they should think again. That’s especially true for investors in Canadian cannabis stocks. Canadian Cannabis Cops Clock Company Compliance Health Canada has slapped CannTrust Holdings with a notice of non-compliance, which has resulted in a double-digit percentage downdraft in...
By CCN Markets: Canada's largest chain of pharmacies announced a big partnership at the World Cannabis Congress on Monday. Shoppers Drug Mart will be working with TruTrace Technologies (until recently known as BlockStrain) to bring blockchain-based verification to the medicinal marijuana market. If successful, it could help power cannabis stocks higher as more doctors become comfortable with...
By CCN: Despite being the first location in the world to have a Bitcoin ATM, Vancouver’s authorities are turning against the vending machines. According to The Star, Bitcoin ATMs are under mayoral assault after a surge in criminal activities being conducted through the devices. Per the publication, Vancouver’s Mayor Kennedy Stewart suggested during a recent council meeting that banning the...
By CCN: Kraken is not pleased with the way Canadian regulators propose to go about governing crypto trading platforms. In a sternly written paper to the Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada, the crypto exchange explained its gripes. The two regulatory bodies have proposed a security law framework that all exchanges would have to abide by...
By CCN: Canada continues to grow its reputation as a friendly destination for bitcoin mining, which has been of particular benefit to the country’s provinces. Canada is attractive because of its energy cost efficiencies, which at least one crypto mining operation is taking advantage of. Emiliano Grodzki, founder and chief strategy officer for Bitfarms, recently told local media about efforts to...
By CCN.com: The Bank of Canada and the Monetary Authority of Singapore (MAS) has conducted a successful pilot test of central bank-backed crypto assets to clear cross-border and cross-currency payments. The official statement of MAS released on May 2 described the potential of “central bank digital currencies” in increasing the efficiency and reducing risks for international transactions. “The...
By CCN.com: Canada aims to lure cryptocurrency miners by offering cheap electricity in Quebec. The city’s energy authority, Régie de l’énergie, has asked its largest power provider to set aside an additional 300 megawatts of discounted energy for new bitcoin mining projects. Until now, crypto mining has been fiercely concentrated in China. But as Beijing mulls an outright ban on bitcoin mining...
A Canadian town mayor says using bitcoin to pay for property taxes has made transaction costs much cheaper. "The advantage of doing it as opposed to [using] a credit card is the transaction costs are so much cheaper," Mayor Lynn Dollin of Innisfil, Ontario told Day 6. Innisfil is the first town in Canada to allow residents to use bitcoin to pay their property taxes. It's part of a one-year pilot...