Americans More Interested in Crypto Than Canadians, Poll Finds

Americans consistently outnumber their northern neighbors regarding interest in using and investing in cryptocurrencies, according to a recent Ipsos survey. The results show that 24% of Americans would use crypto to purchase goods and services, versus just 18% of Canadians. Underwhelming Canadian Interest As reported by Bloomberg, Americans are also more likely to take advantage of technology in more sophisticated ways. These include avoiding cross-border banking fees (19%; 14%) sending remittances (14%; 11%) and sheltering their wealth from taxes (17%;…

Trudeau Challenger Pierre Poilievre Promises to Ban CBDC in Canada

Pierre Poilievre – a Canadian MP vying for Conservative leadership – has promised to ban CBDCs in Canada if he takes power. He’ll also adopt a bill allowing the auditor general to audit the Bank of Canada’s $400 billion quantitative easing program. Poilievre’s War on Inflation In a statement from his campaign website, Poilievre’s rationale is to restore central bank independence the Federal government. The MP claims that the Trudeau government’s deficits have forced the central bank to excessively print…

Making Canada the Blockchain Capital of the World – Trudeau’s Challenger Political Path

A government led by Pierre Poilievre would do more to make cryptocurrencies like Bitcoin more mainstream in Canada. The candidate promised he would "decentralize" the economy and lessen the power of central bankers. Canada launched a crypto-backed ETF in the past, and the crypto community in the country is very active. Many libertarian investors often say that cryptocurrency is an excellent way to get rid of government control over money. Bitcoin supporters say that it represents a valid strategy to…

Influencers in Canada Launch Web3 Council Amidst Poor Regulation

Some of Canada’s biggest crypto advocates have founded a non-profit organization to help with crypto regulation in the country. The formation of a crypto-positive non-profit comes on the back of the government's seizure of some crypto assets donated to the protests. Web3 Council to Work with the Government Canada’s newest crypto non-profit is dubbed the Canadian Web3 Council. The term Web3 describes the next phase of the evolution of the internet. This coming stage is integrated with blockchain technology and…

Canadian Leadership Candidate Pierre Poilievre Backs Bitcoin as Alternative to Devaluing Dollar

Pierre Poilievre – Canadian MP and front-runner for Conservative leadership – is showing support for Bitcoin. This is part of his campaign to combat growing inflation in Canada. On Monday, the politician visited a Shawarma shop in London, Ontario to purchase a meal using the cryptocurrency and promised to make Canada the “blockchain capital of the world.” Addressing Inflation With Bitcoin Inflation is a focal point of Poilievre’s campaign. He frequently notes the record CPI increases experienced by Canada in…

Are Canadians Withdrawing Their Money from Banks?

Fears of account closure have pushed Canadian bank customers to withdraw account holdings and secure their funds in cash and other means. Cryptocurrencies remain a form of escape for Canadians who are not only funding protests with crypto but saving in them as well. In reaction to recent moves from the Canadian government, residents have opted to protect their finances by withdrawing existing bank balances. It began a week ago when the prime minister of Canada Justin Trudeau invoked the…

Ethereum Founder Says Canada’s Crypto Seizures Are Dangerous

Cryptocurrency advocates, including Ethereum founder Vitalik Buterin, are calling out Canadian authorities for seizing crypto amid the ongoing "Freedom Convoy." Canada is facing massive protests against the government's COVID 19 policies and vaccine mandates. While mostly peaceful, the protests included blocking roads and honking truck horns to cause a disturbance. Still, protesters have received a lot of support, both at home and abroad. This includes a sizable sum in donations, including in crypto. That is something that the government wants to…

Canadian Trucker Gets $8000 in BTC During Livestreamed Protest

A live recording of the ongoing protest against Canadian Corona protocols caught a Canadian trucker benefiting from a crypto fundraiser.  Donors are turning to non-custodian crypto exchanges to fund the ongoing trucker protests.   Amidst the recent events in Canada, a moment of joy prevailed when a Canadian trucker received $8000 in Bitcoin out of the +$900,000 raised for the Freedom Convoy 2022 campaign. A witness revealed how the incident unfolded play-by-play. According to Tim Pastoor, the trucker received an…

Canada’s National Police Blacklist 34 Crypto Addresses Involved With Trucker Convoy

Canada’s government is expanding its crackdown on donations to protestors objecting to vaccine mandates in Ottawa. In new efforts, the Royal Canadian Mounted Police (RCMP) have ordered crypto exchanges to not facilitate transactions with blockchain addresses linked to the movement. Following The Money As reported by The Counter Signal on Wednesday, FINTRAC companies in Canada have been ordered to cease transactions with 34 specific crypto addresses. These include 1 Monero, Litecoin, and Cardano address, two Ethereum addresses, and 29 Bitcoin…

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