News

Canada’s crypto sector watches warily as U.S. woes deepen

Crypto had a rough weekend. On Sunday, the U.S. Treasury Department announced the closure of New York City-based Signature Bank, bringing the crypto industry closer to being effectively cut off from that country’s banking system. And until it regained its dollar peg on Monday, the fate of USDC, a stablecoin that’s systemically important to parts of the crypto ecosystem, appeared to be in jeopardy. What does it mean, and how will it affect Canada’s crypto sector? Here’s what you need to know.

    Subscribe now to start reading premium, award-winning journalism.

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.

    Briefing

    Cohere raises US$270M Series C led by Inovia

    Clio Ventures invests in U.S. legaltech’s Series B

    Government to CRTC: exclude social media creators from Online Streaming Act

    Best business newsletter in Canada

    Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

    Exclusive events

    See the bigger picture with reporters and industry experts in subscriber-exclusive events.

    Membership in The Logic Council

    Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited