Canada: Cryptocurrencies Need Regulation to Prevent Money Laundering 3561

Canadian House finance committee wants the government to dramatically change the way it regulates cryptocurrencies to prevent their use in money laundering.

A cryptocurrency like Bitcoin is a form of electronic cash that’s become increasingly popular for making secure online transactions. Cryptocurrencies are attractive to money launderers because they’re generally anonymous and difficult to trace.

The committee is recommending how the government should regulate cryptocurrencies as part of its review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), which at least one parliamentary committee is required to undertake every five years. The committee held 18 meetings for the purpose of the review, which it started in February. More than 70 expert witnesses from the field of finance contributed to it.

The committee recommended three significant ways the government should monitor cryptocurrencies.

First, it said exchanges when cryptocurrency is converted from fiat currency should be regulated. (Fiat currency is legal tender, such as the Canadian dollar.) In so doing, the entity conducting the exchange is considered a money-service business. In Canada, such businesses must follow strict financial-reporting guidelines in compliance with the PCMLTFA. The committee’s suggestion aligns with the department of Finance’s proposed amendments to the PCMLTFA, which were published in the Canada Gazette in June.

Second, the committee recommends that cryptocurrency exchanges require a licence, something other jurisdictions such as New York state have already done. In the witness-testimonials part of the report, the committee cites suggestions by financial adviser IJW & Co. and law firm Durand Morisseau LLP, both of which submitted a hefty 56-page joint brief.

“They further explained that in the absence of some degree of regulatory oversight, cryptocurrency transactions may be used by parties to swiftly move large amounts of wealth across borders, and that regulating (exchanges of fiat currencies for cryptocurrencies) would address the (anti-money-laundering) concerns of the cryptocurrency space,” says the report.

The committee’s final recommendation is that government should regulate crypto-wallets, which hold cryptocurrencies, so suspicious purchases can be traced more easily and police can track hacking or financial crime.

While the suggested changes are a small part of the committee’s review of the PCMLTFA, the government is required to table a response to the committee’s recommendations in the House of Commons within 120 days.

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Shardeum Allocates 5.5 Million SHM to Community in Pre-Mainnet Airdrop 1133

Shardeum, a Layer 1 blockchain network with a growing global community, is preparing for its mainnet launch with a structured airdrop campaign aimed at early contributors. A total of 5.5 million SHM tokens will be distributed across 63,000 eligible wallets, making it one of the more extensive community-driven distributions in the space. The initiative is designed to acknowledge and reward participants who have engaged with Shardeum’s testnets since its inception.

The airdrop has been structured in two distinct phases, each catering to different groups of contributors:

  • Phase 1 recognizes the efforts of those who participated in the Liberty Alphanet and Sphinx Betanet from February 2022 to June 2024. A snapshot of these early adopters was taken on June 22, 2024, determining their eligibility for a total allocation of 3.3 million SHM.
  • Phase 2 focuses on those who engaged with Shardeum’s Atomium Incentivized Testnet (ITN) from June 2024 to March 2025, with a snapshot taken on March 1, 2025. Participants in this phase stand to receive a combined total of 2.1 million SHM.

Shardeum has outlined how tokens will be distributed among different types of contributors. Those involved in on-chain activities, such as executing transactions, interacting with smart contracts, and maintaining active participation during Phase 1 as well as being among the top performers in the Incentivized Testnet (ITN) quest platform will receive their share based on network interactions and engagement levels.

Validators, who have dedicated time and resources to running nodes, will be rewarded according to node hours, participation across network versions during Phase 1, and their overall contribution during the Incentivized Testnet quests to the network stability.

Off-chain contributors, including content creators, community moderators, and those involved in marketing efforts, are also recognized, with allocations based on factors such as consistency and impact.

Ensuring fairness in distribution, Shardeum has implemented a strict exclusion policy to prevent abuse and Sybil attacks. Wallets belonging to the Shardeum Foundation, its partners, and sanctioned entities have been disqualified from participation. Additionally, a multi-layered Sybil detection process has been put in place, leveraging advanced clustering algorithms and machine learning models to detect fraudulent activity across various blockchain networks.

Next Steps

For those eligible, registration for the airdrop is a straightforward process. Between March 14 and March 21, 2025, participants can visit the official airdrop registration page, connect their wallet, and verify their eligibility.

Upon successful registration, SHM tokens will be automatically allocated and distributed at the Token Generation Event (TGE). Those who miss the initial window but register between March 22 and April 13, 2025, will still receive their tokens, with a delayed distribution scheduled for June 2025.

While this airdrop marks a significant milestone, it represents just the beginning of Shardeum’s broader incentive initiatives. With over 19 million SHM allocated for future campaigns post-mainnet, the network aims to further support ecosystem growth and engagement. Additional incentive programs and reward mechanisms are expected as Shardeum continues to develop.

Shardeum has also issued a caution regarding potential scams and unofficial sources. Participants are advised to register only through the official airdrop portal and stay informed via Shardeum’s verified communication channels. As the mainnet launch approaches, the network continues to focus on ensuring a fair and transparent distribution process for its contributors.

About Shardeum

Shardeum is an autoscaling EVM-based layer-1 blockchain. Dynamic state sharding helps keep gas fees low and TPS high as participation grows. Shardeum performs consensus at the transaction level and lowers the computational power needed for validator nodes. This consensus mechanism makes it possible for anyone to run a node while increasing decentralization.

Yescoin’s Web3 expansion continues with $2.4M prize pool and public sale on Yescoin Foundation 1757

Revolutionizing user engagement and token launches, Yescoin sets sights on 100 million users by 2025.

Yescoin has announced its anticipated public sale, hosted exclusively on the Yescoin Foundation website on March 11 at 17.00 UTC. With a public sale valuation set at 35 million FDV, Yescoin is set to redefine how blockchain technology delivers tangible value to everyday users, while ensuring that every interaction is both fun and rewarding.

In today’s fast-paced Web3 ecosystem, mini-apps like Notcoin, Hamster Kombat, and Catizen have demonstrated the massive potential of gamified experiences, capturing millions of users and achieving billion-dollar market caps. Yet, many platforms have struggled to meet reward expectations, leaving early adopters disillusioned. Yescoin directly addresses these challenges by offering multiple engaging ways to earn tokens and unlock exclusive prizes.

Key features of the Yescoin platform

Earn by tapping: Users can tap on their screens to mine Yescoin tokens, with the option to enhance mining power through various in-game power-ups.

Two-tier referral system: The platform offers a referral structure where those inviting new participants can receive a 10% bonus. Additionally, new users who join through a referral link receive an extra 10% in tokens, ensuring mutual benefits for both referrers and invitees.

Contests, quests, and games: Participate in daily challenges, interactive contests, and engaging games provide additional opportunities to accumulate Yescoin tokens.

Wheel of fortune: Yescoin points can be used to spin a prize wheel featuring a reward pool of up to $2.4 million. Each spin guarantees a prize, which may include USDT, additional Yescoin tokens, or valuable in-game power-ups.

Collaborative earning: Bonuses can be earned when referred users and their connections win prizes, creating a network-driven incentive system.

With over 13 million registered users and an ambitious target of reaching 100 million by 2025, Yescoin is built on the principle that small, daily actions can accumulate into life-changing rewards.

Community sale opportunity

The public sale is a unique opportunity for early backers to join a platform designed for long-term growth and equitable token distribution. The YES Token is central to the Yescoin ecosystem, powering its on-chain rewards network. It drives a dynamic digital economy by aligning incentives for users and advertisers, turning everyday interactions into real value, and fostering a sustainable, fair future for on-chain earnings.

Sale schedule

11 March 17:00 UTC yescoin.foundation
For further details and to participate in the sale, users can visit the Yescoin Foundation website.

About Yescoin

Yescoin is a groundbreaking Web3 platform that transforms everyday interactions into rewarding experiences. By mining Yescoin through simple tasks, engaging games, and community challenges, users can potentially unlock tokens and exclusive prizes, making rewards accessible in minutes a day.

For more information
Website: Yescoin.foundation
The community on Telegram: @therealyescoin
Telegram: https://t.me/realyescoinbot
Twitter: https://x.com/the_yescoin
Youtube: https://www.youtube.com/@therealyescoin
Instagram: https://www.instagram.com/yescoin.foundation/

Kaanch Network Stage 3 SELLS OUT in RECORD TIME! Stage 4 is LIVE – Get Your Tokens Now Before the Price Jumps to $0.16 1748

Kaanch Network has just hit a major milestone with Stage 3 selling out in record time, proving that the crypto world is buzzing with excitement around this groundbreaking project. And the momentum doesn’t stop there – Stage 4 is now LIVE, with tokens available at a limited price of just $0.08. But here’s the catch: once Stage 4 sells out, the price jumps to $0.16. So don’t wait – secure your tokens now and be part of something huge.

Why Kaanch Network Is the Game Changer You’ve Been Waiting For

Kaanch Network isn’t just another blockchain project; it’s the future of decentralized finance (DeFi), designed to tackle the biggest challenges the industry faces. With a mind-blowing 1.4 million transactions per second (TPS), Kaanch Network handles massive volumes of transactions with ease. Think about it – 1.4 million TPS! This makes Kaanch one of the fastest and most scalable platforms out there, ensuring that transactions happen in the blink of an eye.

But speed is just the beginning. With 3600 active validators, the Kaanch network is decentralized and secure, ensuring that every transaction is validated in a trustless and transparent manner. And get this – block time is just 0.8 seconds, meaning your transactions are confirmed almost instantaneously, making the user experience seamless and near-instant.

What’s even more exciting is that Kaanch Network keeps gas fees so low that transactions are practically free. This means that anyone, anywhere, can access Kaanch’s next-gen blockchain solutions without worrying about skyrocketing fees. It’s a blockchain for everyone.

With its unique interoperability features, Kaanch is creating a cross-chain environment where different blockchain networks can seamlessly connect and transact with one another. It’s this kind of innovation that makes Kaanch Network a trailblazer in the crypto world.

The Countdown to Massive Growth

Now, with Stage 3 sold out and Stage 4 officially open, the window is closing fast. Once Stage 4 sells out, the price will shoot up to $0.16 per token in Stage 5, making now the perfect time to get in at just $0.08 per token. It’s an exclusive opportunity that only comes once, and you don’t want to miss it.

Just imagine – securing tokens now at the early presale price and watching your investment grow as Kaanch Network takes the crypto world by storm. This is your chance to be part of a next-gen platform that’s built for scalability, speed, and real-world impact.

Your Moment to Join the Revolution

It’s happening right now. Kaanch Network is setting the stage for the future of decentralized finance, and with Stage 4 now LIVE, you have a limited-time opportunity to lock in your tokens before prices increase. With its cutting-edge features, real-world use cases, and a growing community, Kaanch is positioned for explosive growth in 2025 and beyond.

Don’t miss your chance to be part of the next big thing in blockchain.

Secure your tokens NOW and join the Kaanch Network revolution: Presale.kaanch.com

About Kaanch Network

Kaanch Network is a next-generation blockchain ecosystem designed for transparency, security, and scalability. It enables seamless decentralized applications (dApps) with fast, cost-effective transactions and smart contract capabilities. Focused on innovation and interoperability, Kaanch Network empowers businesses and developers to build the future of Web3 with efficiency and reliability.

Margarita Finance Launches World First in AI Investment Management 2209

Bringing institutional-grade investment strategies on-chain, Margarita Finance’s AI-powered agent autonomously trades derivatives with full transparency. This world-first innovation enhances efficiency and lowers the barrier to entry for sophisticated trading in decentralized finance.

Margarita Finance, a blockchain-based platform reimagining structured investment products by bringing them natively on-chain, has today announced the world’s first-ever AI-powered agent to trade institutional-grade derivative strategies on the blockchain.

Heralding a new era of DeFi where AI agents can execute investment strategies, Margarita Finance aims to bridge the gap between TradFi and DeF by making complex investment products more accessible. By eliminating the human prescription involved with traditional trading, the AI agent will participate in derivative trading using advanced strategies. Each trade is entirely verifiable on the blockchain and a dedicated AI-powered X profile will provide real-time updates on key trades. With transparency at its core, Margarita Finance establishes a new benchmark for AI-driven, trustless financial management.

Beyond institutional trading, this world-leading breakthrough will have tangible benefits for everyday investors. The technology enables greater access to institutional yield and sophisticated financial strategies, through transparency and explanations that require no deeper TradFi background. By being able to automate complex decision-making, and ensuring full transparency on-chain, Margarita Finance’s AI agent champions greater financial control and unlocks additional investment opportunities.

The financial industry stands at its most pivotal inflexion point since the 2015 fintech revolution that democratized investing through robo-advisors. As AI rapidly transforms the way people work, its disruptive potential in financial services could fundamentally reshape the role of traditional investment professionals. According to Bank of England research, 75% of businesses are already utilizing AI, with another 10% planning adoption within three years. Just as robo-advisors challenged the necessity of human financial advisors, AI-enabled investment management is now poised to revolutionize the $7 trillion structured products industry – potentially eliminating the need for many traditional investment bankers and managers while making sophisticated investment strategies accessible to the average individual for the first time.

Matthias Wyss, Margarita Finance CEO said: “As AI commands interest from governments, businesses and everyday people, we’re proud to announce the first-ever AI powered agent to trade institutional-grade derivative strategies on the blockchain – the first major step in our mission to improve financial accessibility. With this launch, our AI agent will take the strain out of trading, executing sophisticated investment strategies according to individual risk appetite. We want to see more people have control of their financial decisions and allow them to do more with their hard-earned money. That is why we’re on a mission to bring emerging technologies like AI to investors and allow them to take their investments further without needing deep market expertise.”

To learn more about Margarita Finance visit: https://www.margarita.finance/.

About Margarita Finance

Margarita Finance is a blockchain-based platform reimagining structured investment products by bringing them natively on-chain. Powered by Obligate, a leader in on-chain capital markets and built on Solana, Margarita Finance combines the strengths of blockchain technology, smart contracts, and oracles to make structured products faster, more accessible, and cost-efficient.

$Nut Presale is Coming—Here’s Why You Can’t Afford to Miss It 2265

They doubted Dogecoin in 2013. They dismissed Shiba Inu in 2020. And now? They’ll probably laugh at $NUT too—until it takes off. History has shown that the biggest meme coin winners are the ones who got in before the rest of the world caught on. With the $NUT presale opening on March 2nd, this is the chance to be ahead of the curve.

Meme coins aren’t just about charts—they’re about narratives, culture, and unstoppable community energy. $NUT brings all three, plus a roadmap built for the future. This isn’t just another meme coin—it’s a movement. Don’t sit on the sidelines and watch the story unfold. Be part of it.

This is one opportunity you don’t want to fade.

What is $NUT? The Meme Coin That’s More Than Just Hype

Built on Solana, $NUT is designed to be a high-speed, low-fee token that thrives on community engagement, cultural relevance, and future expansion. While it follows the tradition of meme coins like DOGE and SHIB, $NUT has its own unique vision—one that blends meme culture with highly ambitious future plans.

The roadmap teases massive ecosystem expansions, including:

  • NutFi – A decentralized finance (DeFi) suite powered by $NUT
  • NutVerse – The first-ever meme metaverse
  • NutFests – Exclusive IRL events for holders
  • Nut AI Agent – An AI-driven chatbot bringing unfiltered entertainment & unrivaled features

While the memes drive momentum, these planned features offer long-term growth potential, setting $NUT apart from generic meme coins.

Why Now Is the Perfect Time for $NUT’s Launch

The meme coin market is experiencing an unprecedented surge, with projects like PEPE, BONK, and WIF demonstrating the power of community-driven tokens. As demand for meme coins continues to grow, $NUT is launching at a pivotal moment—positioned to capture the momentum of this evolving sector.
Meme coins have evolved beyond internet jokes, solidifying themselves as a serious market category. With Dogecoin recently gaining a Grayscale Trust, institutional interest is entering the space, further legitimizing meme tokens as a viable asset class.

Solana’s rapid ecosystem expansion has also played a crucial role in this market shift. With lower transaction fees and a thriving developer community, new Solana-based tokens have consistently outperformed many Ethereum counterparts, making it the ideal environment for $NUT’s launch.

Beyond market dynamics, meme coins thrive on cultural relevance and FOMO-driven momentum. The best-performing tokens are not just financial instruments; they are viral movements that capture the crypto community’s collective imagination. $NUT is launching at the perfect time, leveraging this wave of interest to establish itself as the next major breakout.

With all the right factors aligning, $NUT is ready to make its mark in the meme coin space, offering a fresh and exciting opportunity for the crypto community.

How $NUT Creates Lasting Value for Holders

While $NUT launches as a pure meme token, its long-term vision extends far beyond the hype. The roadmap is designed to introduce real utility, ensuring lasting value for holders.

  • Deflationary Model – Future utilities, including NutFi, will incorporate token burns and staking mechanisms to create a sustainable ecosystem.
  • NutVerse & NFT Integrations – The first-ever meme metaverse will feature tradable NFTs and exclusive experiences, blending entertainment with digital ownership.
  • AI-Powered Engagement – The Nut AI Agent brings interactive utility, making $NUT more than just a collectible token—it becomes a functional part of the digital economy.
  • Real-World Events – NutFests will connect online communities with physical experiences, reinforcing $NUT’s cultural impact beyond the blockchain.

With these innovations, $NUT isn’t just another meme token—it’s a project built for long-term growth, community engagement, and evolving utility.

Why Getting in Early on $NUT Matters

In crypto, timing is everything—and early adopters of strong meme coins often see the biggest gains. Here’s why joining the $NUT presale is a rare opportunity:

  • Lowest Entry Price – Get in before $NUT hits exchanges.
  • Scarcity-Driven Demand – With a fixed 300M supply, competition will be fierce once presale ends.
  • Community-Powered Growth – A dedicated, aggressive community ready to drive momentum.
  • High Growth Potential – Early entries in top meme coins have seen 100x+ gains—$NUT aims to be the next breakout.

Final Chance: Don’t Miss the $NUT Presale

Meme coins have evolved beyond fleeting trends—they are now a driving force in the crypto landscape. $NUT is at the forefront of this movement, backed by massive early hype, a limited-supply presale, and a clear roadmap for long-term value. With a strong focus on community engagement and real utility, $NUT is more than just another meme coin—it’s a cultural phenomenon in the making. As the presale nears its close, early adopters have a rare opportunity to secure their position before demand surges.

The presale starts on March 2nd. Secure your spot now.

About Nut

$NUT is a fast, deflationary, meme-powered cryptocurrency designed for crypto enthusiasts seeking substantial gains and a legendary community. Built to capitalize on the power of memes, $NUT offers a unique opportunity for those looking to engage with a dynamic and ambitious project.

Website: https://www.nutcoin.meme/
X/Twitter: https://x.com/NUT_Verse
Telegram: https://t.me/nutofficialcommunity
Medium: https://medium.com/@Nut_Verse_

Nehborly.com Sparks a Grassroots Social Revolution, Empowering Neighborhoods with Hyper-Local Connections and Crypto Rewards 2414

New social platform reimagines networking as a local movement, using NHBCoin a native cryptocurrency to turn neighborly acts into real-world value. Over 50,000 early adopters are fueling rapid growth.

Nehborly.com today announced the official launch of an innovative hyper-local social network that transforms online engagement into real community impact. By rewarding everyday acts of neighborliness with NHBCoin, Nehborly.com reconnects people who’ve grown distant amid impersonal global feeds. More than 50,000 users have joined its Beta, signaling a powerful grassroots movement in the making.

Unlike conventional platforms, Nehborly.com centers on local goodwill while also allowing users to connect with their “tribes” worldwide. For instance, an artist in Kenya can find fellow creators in Nairobi and collaborate with peers in New York—all on the same platform. Participants earn NHBCoin for sharing relevant updates, coordinating neighborhood projects, or lending a hand nearby. According to Pew Research, fewer than half of adults know most of their neighbors—a gap Nehborly.com strives to close by fusing blockchain rewards with hyper-local engagement.

“Nehborly.com is more than an app—it’s a way to rebuild community bonds,” said Joseph Nwudu, CTO and founder. “We’re harnessing technology to bring people back to a human scale. By rewarding acts of kindness, we’re turning online interactions into tangible impact—one neighborhood at a time.”

Early adopters report a surge of collaborative energy, from volunteer drives to local skill exchanges. One user described the platform as “addictive in the best way,” noting how a single post can spark real-world action. Meanwhile, investors eye Nehborly’s potential to disrupt a $300 billion social media market by blending decentralized tokenomics with authentic, tribe-based connections.

Nehborly’s Beta is currently open to select communities worldwide, with further expansions on the horizon. The startup also plans to partner with small businesses so NHBCoin can be used for local products and services, creating a self-sustaining ecosystem fueled by genuine neighborly spirit.

About Nehborly.com

Nehborly.com is a Dubai-based startup founded in 2025 to strengthen local communities through technology. By combining a hyper-local social platform with a blockchain-based rewards system, Nehborly.com empowers neighbors to connect, collaborate, and create positive change in their own backyards—and beyond.