In a significant shift in the cryptocurrency landscape, Gemini, the well-known crypto exchange, has announced plans to close all Canadian customer accounts by the end of 2024. This decision reflects growing tensions between cryptocurrency exchanges and stringent Canadian regulatory frameworks, mirroring actions taken by other major players in the sector. On October 1, 2024, Gemini […]
AI Could Raise Inflation Short Term, Warns Bank of Canada Governor
In an insightful address at an AI conference in Toronto, Bank of Canada Governor Tiff Macklem highlighted how the rapid adoption of artificial intelligence (AI) technologies could induce short-term inflationary pressures. His views reflect ongoing debates about the balance between technological advancements and economic stability. Macklem’s main argument centers on the premise that while AI […]
Canada Pauses CBDC Project Amid Public Disinterest
The concept of a Central Bank Digital Currency (CBDC) has sparked interest and debate across the globe. Various countries are advancing towards this digital transformation, but Canada has recently decided to pause its own CBDC initiative due to overwhelming public indifference. A significant survey indicated that a staggering 87% of Canadians expressed clear disinterest in […]