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Bank of Canada Redirects Efforts Away From Retail CBDC


The Bank of Canada has announced a strategic shift away from developing a retail Central Bank Digital Currency (CBDC) to focus on broader payments system research and policy development. This decision follows a public consultation in 2023, which revealed significant privacy concerns among...

AI may lead to inflationary pressures: Bank of Canada


According to the Bank of Canada’s Governor Tiff Macklem, central banks need to be closely attuned to how AI is affecting inflation, both indirectly through overall demand and supply and directly through price-setting behavior

Canadian Court Orders Man to Repay $1.2 Million in Bitcoin Loan Dispute


A court in British Columbia, Canada, has ordered Daniel Tambosso to repay Hung Nguyen $1.2 million for a loan of 22 bitcoins made in 2021. Nguyen, a Canadian real estate agent, claimed the loan constituted his entire savings, and Tambosso’s failure to repay has severely impacted his finances...

Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada


Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put...

HODL Digital Services Expands as Canada’s Leading Bitcoin ATM Network


PRESS RELEASE. HODL Digital Services, the premier provider of Buy and Sell Bitcoin ATMs in Canada, is proud to announce its continued expansion across the country. With an extensive network of machines located in Nova Scotia, Quebec, Ontario, Manitoba, and now in Alberta. HODL Bitcoin ATMs offer...

Global Crypto Advocacy Movement Reaches Canada


Stand with Crypto, a global movement advocating for sensible crypto innovation and policy, has expanded to Canada. Originating in the U.S. with over 1.1 million advocates, the movement is now active in the UK and aims to amplify Canadian voices. With approximately 5 million crypto holders...

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