Now There’s a Canadian Dollar-Pegged Stablecoin on the Way
Toronto-based cryptocurrency exchange Coinsquare is launching a stablecoin pegged 1:1 to the Canadian dollar.
In a settlement with the Ontario Securities Commission, three seniors executives at the Canadian exchange agreed to step down and pay penalties over fake trades.
The Ontario Securities Commission alleges Coinsquare manipulated markets with fake trading volumes between 2018 and 2019.
The demand mimics a play tax enforcers at the IRS deployed against Coinbase.
Bitcoin ATM networks are simultaneously growing and retracting due to coronavirus precautions.
The software upgrade can potentially be introduced to approximately 170,000 machines across America.