The Royal Bank of Canada (RBC) — the largest bank in Canada with $499 billion in assets under management — will not launch its own digital currency trading platform, contrary to previously published news. Last week, rumors that the RBC was exploring the possibility of launching its own cryptocurrency exchange began circulating the internet on a range of finance and economics-focused publications. At the time, it was reported that the trading platform would “facilitate buying and selling of individual digital coins, including Bitcoin (BTC) and Ether (ETH), as well as the transfer of funds combining different types of cryptocurrencies.” No …

Walmart Canada — the retail giant’s Canadian branch — has rolled out an automated blockchain-based network for freight tracking and payments management, according to a Nov. 14 press release. The new system, which was developed in collaboration with blockchain company DLT Labs, is designed to improve freight and payment processing, enabling users to automatically trace deliveries, verify transactions and handle payments and reconciliation. Integration with each company’s legacy systems The release further states that the network can be integrated with a business’s legacy system and “manages, integrates and synchronizes all the supply chain and logistics data in real time, aggregating …

A Canadian bank, which banned its clients from buying Bitcoin (BTC), could now become the first in the country to launch a cryptocurrency exchange. As innovation economy news outlet The Logic reported on Nov. 11, the Royal Bank of Canada (RBC) is now rumored to be considering the plans. RBC reportedly planning multifunctional exchange RBC is the largest bank in Canada by market capitalization, with $661 billion CAD ($499 billion) in assets under management. According to The Logic, the bank is entertaining the possibility for the exchange to function both for investments and allowing clients to make purchases online and …

Canadian blockchain research firm Blockchain Venture Capital Inc. (BVCI) has officially launched a United States dollar-pegged stablecoin, the CUSD, according to a press release published on Nov. 11. The new USD-anchored stablecoin comes four months after the firm launched CADT, a stablecoin initiative pegged to Canada’s national fiat currency. CUSD is pegged 1:1 to USD As reported, BVCI debuted CADT stablecoin in conjunction with last Canada Day on July 1. With one CUSD equivalent to one USD, the new stablecoin is expected to be used by people and businesses, and specifically targets cross border transactions between the U.S. and Canada, …

Regulators in the Canadian province of British Columbia have shut down the Vancouver-based Einstein cryptocurrency exchange. In a press release on Nov. 4, the British Columbia Securities Commission (BCSC) reported that it had taken action against the Einstein cryptocurrency exchange, which apparently owes more than $16 million to its customers, according to CBC news. Following a BCSC request to the Supreme Court of British Columbia, the court appointed audit firm Grant Thorton Limited to act as the interim receiver on Nov. 1. Per the press release, Grant Thorton entered and secured the exchange’s premises on the same day. The BCSC …

Recently, Canada’s central bank has been leading working groups with global partners exploring a blockchain future. Their crypto presence has soared with Ernst & Young’s announcement that it is using Toronto to test its public government expenditure blockchain. But what is the cryptocurrency landscape currently like in Canada? The history of crypto in Canada may seem as volatile as a token with a small market cap, yet mainstream use and adoption have been on a consistent incline since 2013, when Canadians started pushing mainstream adoption. Now, the Canadian government is leading working groups. What else has the country been up …

Canadian investment fund manager 3iQ will now be able to offer Canadian retail investors a regulated, publicly-traded Bitcoin (BTC) fund. Bitcoin fund available to retail investors by end of year In an Oct. 30 press release, 3iQ announced that it had received a favorable ruling from the Ontario Securities Commission (OSC) in regard to its closed-end Bitcoin fund, which is expected to be available on a major Canadian stock exchange by the end of the year. In February, Canada’s markets regulator ruled negatively on 3iQ’s proposal to launch its regulated Bitcoin fund. However, the Toronto-based 3iQ appealed the decision and …

The current health care system — from its arduous processes to its lack of coherency — prevents doctors from providing patients with the best care and negatively impacts the care they already deliver. Medical professionals are burdened with attempting to coordinate health care in a system that simply isn’t designed for it. Around the world, physicians and their staff struggle to coordinate care through antiquated methods — frequently by face-to-face, fax, phone or courier — that may lead to dangerous miscommunication. The situation in the United States serves as an ideal case study of health care coordination challenges, which even …

Global Container Terminals (GCT), a container terminal operator in North America, has joined Maersk and IBM's blockchain shipping tool TradeLens. Adding four Canadian and U.S. terminals to the platform As part of the initiative, Vancouver-based GCT will gradually roll out the blockchain-based platform at the four terminals it operates, the firm said in a press release on Oct. 17. GCT wants to use the platform to improve visibility on the cargo supply chain to the east and west coasts of North America. The platform will establish a secure interconnection between all members of the supply chain, including ocean carriers, cargo …

The Canadian central bank is reportedly considering launching a proprietary digital currency. Digital currency could share info with police and tax authorities On Oct. 16, news outlet The Logic reported that the Bank of Canada is exploring the possible opportunities and challenges related to launching its own digital currency. The central bank purportedly believes that a public central bank digital currency (CBDC) could be the answer to the direct threat that cryptocurrencies apparently present. The document, titled “Central Bank Money: The Next Generation,” was reportedly prepared for the current Governor of the Bank of Canada, Stephen Poloz, for a September …

The widow of QuadrigaCX founder Gerald Cotten, Jennifer Robertson, is handing over $9 million in assets to the users of the now-defunct crypto exchange. Robertson returns most of her assets On Oct. 7, Robertson announced in a personal statement, posted by Coindesk, that she would be transferring the vast majority of estate assets — previously valued at about $9 million — to EY Canada. The Big Four audit firm acted as the bankruptcy trustee of QuadrigaCX during its insolvency hearings. Robertson stated: "I have now entered into a voluntary settlement agreement where the vast majority of my assets and all …

The CEO and founder of Canadian social media and messaging app Kik has vowed to fight U.S. regulators over the future of the native Kin (KIN) cryptocurrency “no matter how hard it is.” According to a Sept. 25 report from Global News, Kik CEO Ted Livingston told an audience the Elevate Conference in Toronto on Wednesday: “We have to keep going. Until that’s it, we don’t have a dollar left, a person left. We will keep going no matter how hard it is.” Taking on the SEC As reported, Kik has been mired in a costly legal battle with the …