News with the tag "british columbia"

Recently, a panel set by the British Columbia Securities Commission (BCSC) found crypto exchange ezBtc responsible of defrauding users of CAD 13 million in Bitcoin (BTC) and Ether (ETH) between 2016 and 2029. The exchange’s founder misappropriated the funds and caused “actual loss” to investors. Rel...

The British Columbia Securities Commission reveals how ezBtc’s founder misappropriated millions in customer funds for personal use, leading to significant investor losses.

The British Columbia Securities Commission (BCSC) said its investigation into Liquitrade’s crypto asset trading platform found that the company operated an illegal exchange. The probe also determined that users were trading contractual rights, not crypto assets, as the platform had claimed. Latoken ...

The Canadian government of British Columbia is advancing measures to regulate electricity consumption by cryptocurrency miners due to concerns about high energy use and limited economic benefits. On April 11, Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation,…

This is the third test for the Province's new tool to combat money laundering.

A recent ruling by a British Columbia Supreme Court Justice, Michael Tammen, has affirmed the provincial power utility B.C. Hydro’s decision to implement a moratorium on new cryptocurrency mining projects. The latest decision came as a response to a challenge…

Conifex, a B.C.-based cryptocurrency mining company, challenged B.C. Hydro's 18-month moratorium on mining.

British Columbia, Canada has been a hotspot for crypto crime as of late. One of the big things that’s happening is crypto is being used to launder illicitly funds garnered by organized crime rings. British Columbia: The Biggest Crypto Crime Spot? In a recent interview, Hilary Morden – an expert on g...

A senior citizen in British Columbia, Canada is the latest victim of a cryptocurrency scam. It’s estimated that the victim, who remains unnamed, has lost more than $7 million. British Columbia Citizen Conned Out of Tons of Crypto British Columbia authorities have stated this is arguably one of the w...