How To Buy Bitcoin With PayPal In Canada?

Can I Buy Bitcoin With PayPal In Canada?

Buying, selling and storing Bitcoin and other major cryptocurrencies with PayPal is currently only allowed in the US and some US territories (excluding Hawaii). Another important restriction is that users will pay in USD against all cryptocurrency transactions. On the other hand, the Paypal officials most recently disclosed that the administration of Paypal is closely observing and trying to figure out to provide even some bais features to its users that can buy Bitcoin and major cryptocurrencies outside the United Staes Area very soon.

Vice-chairman of Berkshire Hathaway Mr Charlie Munger and the very close person to Warrant Buffett’s recently states that I wish crypto should be banned by the official without delay. He says the Govt and concerned authorities made a huge blunder to allow Bitcoin and Cryptocurrencies, its all are no more than a suffocating disease in his opinion.

Charlie Munger the right Hand of Warrant Buffett’s Declares, It was a great blunder to permit the Cryptos.

Warrant Buffett’s right hand and his old business partner Mr Charlie Munger commented about Bitcoin and Cryptocurrencies most recently on Wednesday in the slot of an interview with Yahoo Finance before the annual shareholders meeting where he is supposed to serve the meeting as chairman.

Most recently Charlie Munger tagged Bitcoin a kind of poison and he told last year that he doesn’t like Bitcoins and cryptocurrencies to be successful at all. Munger was asked by the media personnel that he is not surprised that Bitcoin is viewed as a mainstream cryptocurrency since that time.

The vice-chairman of Berkshire Hathaway said it's better to stop thinking about Bitcoin because it seems only ideal if you wish to commit any kidnapping, extortion or any illegal act.

He further added I don’t really understand why should a civilized country or the Govt allow such a payment system that is almost untraceable and controlled by a bunch of few people who are only aiming to fill their pockets as quickly as they can. The people like them have no record of making any contribution to the development of civilization. I don’t just like it rather I hate it.   

He further elaborated that

It's not good at all for our country to be crazy about Bitcoin and cryptocurrencies, I think the Chinese communists seems wiser than us, as they just banned all these activities. 

He was also questioned about the future development or if he had any prediction about Bitcoin in the United States

“ Sorry guys you just allowed a bad spirit to come out from the bottle, Only God Knows what is going to happen with Bitcoins “

Munger said “It was a huge blunder to allow the Bitcoin at all”

Moreover, Charlie Munger added to his comments about the regulation of cryptocurrencies.” The matter of the fact is one, “when the concerns from the regulatory authorities are out of the Govt they stand in the favour of Bitcoin and runs heavy campaigns to promote such funky currencies like capitalists, therefore, I don’t expect any fair or positive decisions to be made by the authorities. 

During the Daily Journal meeting, Charlie Munger emphasized that I ever wish about cryptocurrencies to be banned with no more delay and I also appreciate the Chinese for banning such baseless currencies.

Munger also responded to a question “ I did not invest in the cryptos and has no intentions to invest in future too as Bitcoin and cryptocurrencies are fatal diseases".

Munger also advised the financial investors not to invest in the cryptos at all. The whole bloody boom will disperse soon and it is completely against the interests of the civilisations.

What do you folks think about Charlie Munger’s views about Bitcoin and cryptocurrencies? Let us know in the comments section below.

An official bill has been launched in Canada to strengthen and support the increasingly dominating cryptocurrency sector most recently, according to sources. Canada must introduce lucrative and growing opportunities into the rapidly growing cryptocurrency industry and must focus to attract multi-billion investment through flourishing the cryptocurrency market. 

Bill to strengthen the Cryptocurrency Sector Introduced in Canada

The Bill “C-249” was introduced by a Canadian Member of Parliament named "Michelle Remple "will have certain effects in helping the growth and further acceptability of cryptos on Canadian territories. 

The newly introduced bill demands the Canadian officials and particularly Finance Minister to design such a framework that may work to encourage the users of the cryptocurrency market as well as the whole crypto sector in all possible ways. 

All concerned lawmakers must constitute such parameters that remove hindrances from cryptocurrency adoptions.

Moreover, lawmakers in Canada responded that Govt officials are closely observing and analyzing all possible ways to incorporate digital currencies in the real and practical use of Candian users. However, some lawmakers are still not sure about the real working criteria and functions of cryptocurrency. We are striving to make everyone familiar with the positive and potential use of the crypto industry she further added. 

To act as a leading country Lawmakers must understand what cryptocurrency experts recommend or what type of policies would beneficial for the success and use of crypto assets. The Finance Ministry in Canada needs to get assistance and a guideline before pulling the final trigger about the crypto sector development.   

What do you folks say about this initiative taken by the Candian Member of the Parliament? Do let us know in the comments.

 

Securities and Exchange Commission of US (SEC) successfully won the judgement against Super Star Steven Seagal In a charge sheet over a crypto Fraud where Steven Seagal failed to pay the decided amount by the court. Steven Seagal is residing in Russia and has been continuously not responding to the SEC's correspondence.

Steven Seagal Fails to comply with SEC instructions

A Federal Judge for the Eastern District Court of New York signed written orders on the last Friday where The US District Court Judge William Kuntz allowed SEC to immediately recover the number of Penalties including interest  Steven Seagal was ordered to preserver a charge sheet filed by the US Securities and Exchange Commission.

Well-known actor Steven Seagal accepted US District Court orders to pay the agreed fine of $ 330,000 over his involvement in the CryptoCurrency Fraud case earlier, Later on, Steven Seagal moved to Russia and made a single payment of $75000 only.

US movie star Steven Seagal is now a day living his life in Russia since Russian Resident Vladimir Putin specially granted the Citizenship of Russia to Steven Seagal.

Us District Court orders further explain that SEC can now contact with US superstar Business Manager to collect the remaining amount of $255,000 of the whole fine.US district Court ensured the receiving of Orders by the concerned officials.

SEC consistently remained in written communication with Steven representatives  But unfortunately, Steven Seagal didn't respond to the Securities and Exchange Commission and failed to pay the complete fine after he initiated. Now US District Court Ordered the officials to make all the focal persons of Steven appear in the court on the given date.

What do you think about the US movie star Steven Seagal's act of Ignorance to the US District Court Orders, Do let us know in the comments section below.

Blockchain information company Chainalysis has published its 2021 Cryptocurrency Adoption Index, which positions 154 nations by crypto adoption. As indicated by the firm, worldwide crypto reception has developed by more than 2,300% since Q3 2019 and more than 881% somewhat recently. 

New Global Cryptocurrency Adoption Index 

On Wednesday, Chainalysis distributed a see of its 2021 Geography of Cryptocurrency report, which will be delivered in September. The report contains the "2021 Chainalysis Global Crypto Adoption Index," the organization's subsequent emphasis "to gauge grassroots cryptocurrency adoption all throughout the planet." 

The blockchain information examination firm clarified that its Global Crypto Adoption Index consists of three measurements. The first is "on-chain digital money esteem, weighted by buying influence equality (PPP) per capita." The second is "on-chain retail esteem moved, weighted by PPP per capita," and the third is "shared (P2P) trade exchange volume, weighted by PPP per capita and number of web clients." 

Chainalysis noticed that the greatest change to its new crypto adoption record approach from last year's list "was the disposal of a fourth measurement," which was the "Quantity of stores by country weighted by [the] number of web clients." The organization depicted: 

We rank each of the 154 nations as per every one of those three measurements, take the mathematical mean of every nation's positioning in every one of the three, and afterward standardize that last number on a size of 0 to 1 to give each country a score that decides the general rankings. The nearer the country's last score is to 1, the higher the position. 

As per the 2021 Global Crypto Adoption Index, Vietnam positions first, trailed by India, Pakistan, Ukraine, Kenya, Nigeria, Venezuela, and the U.S. 

The main 20 nations in Chainalysis' 2021 Global Crypto Adoption Index and their rankings in the part measurements that make up the general positioning. Source: Chainalysis. 

China and the U.S. plunged in the new by and large positioning. Last year, China positioned fourth by and large while the U.S. positioned 6th. This year, the U.S. positions eighth while China positions thirteenth. "The main motivation the two nations dropped is that their rankings in P2P exchange volume weighted for web utilizing populace declined drastically — China tumbled from 53rd in this part to 155th, while the U.S. tumbled from sixteenth to 109th," Chainalysis point by point. 

Cryptocurrency adoption has soared over the most recent year, and the variety in the nations adding to that show that digital currency is a really worldwide wonder … Global reception has developed by more than 2,300% since Q3 2019 and more than 881% somewhat recently. 

What's your opinion on Chainalysis' Crypto Adoption Index? Tell us in the remarks segment beneath.