Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings

Central bank digital currencies (CBDCs) featured prominently when global financial leaders met for this year’s World Bank Group and International Monetary Fund (IMF) joint Spring Meetings in the United States. Faced with emerging disruptive technologies like Bitcoin, their discussions also focused on how money and payments are taking on new forms throughout the world. There…

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Hodler’s Digest, April 8–14: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week NYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto Project According to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to various venture capital firms to develop its digital token that has been previously reported on. Popper, citing unnamed sources familiar with…

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Canadian Municipality Set to Accept Bitcoin for Property Tax Payments

A municipality in Canada is set to accept bitcoin for property tax payments starting next month as part of a one-year trial. The Town of Innisfil, Ontario, announced Thursday that the cryptocurrency payment option will be offered in partnership with Toronto-based digital assets trading platform Coinberry. Starting April, approximately 36,000 residents of the town will…

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QuadrigaCX Would Never Have Lost Crypto Keys Had It Been in Bermuda, Says Premier

The Premier of Bermuda, David Burt, has argued that a QuadrigaCX-like situation could not have happened in Bermuda because of the country’s existing legislation in regard to cryptocurrencies. Burt made his statements in an interview on Fortune’s “Balancing the Ledger” show on March 25. Burt delivered his comments following QuadrigaCX’ founder, Gerald Cotten’s sudden death…

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Canadian Police Asks for Public Assistance to Identify Bitcoin Fraudsters

Canadian police are seeking information on individuals alleged to be involved in defrauding Bitcoin (BTC) ATMs (BTMs), according to an announcement published by the Toronto Police Service on March 13. The Calgary Police Service (CPS) Cybercrime Team has asked the public to assist in the identification of four individuals allegedly involved in multiple fraudulent transactions…

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Canadian Electoral Agency Clarifies Cryptocurrency Donations for Political Use

News Canada’s electoral body has started consultations on how political parties should handle cryptocurrency donations ahead of general elections slated for October. Political parties have requested guidance from Elections Canada (EC) on accepting contributions and conducting other transactions in bitcoin. EC has now released a draft note that broadly takes the position that cryptocurrency donations…

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Canada Encourages Cannabis Sector to Transact Discreetly

Privacy The Office of the Privacy Commissioner of Canada has published a document advising Canadian citizens to use cash to conduct transactions pertaining to cannabis in order to protect personal information. In response to the guidance, Etoro market analyst Mati Greenspan has predicted the liberalization of Canada’s cannabis sector will bolster local privacy coin adoption.…

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Fine Jewelry Dealer Birks Group Now Accepts Bitcoin

News On Tuesday, Canadian company Birks Group, a fine jewelry operation since 1879, announced its plan to accept bitcoin for products and services at eight select locations. Birks Group and its retail stores will accept cryptocurrencies through a partnership with Bitpay. The collaboration marks the first major implementation of Bitpay’s point-of-sale solution for brick-and-mortar locations…

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