“Digital Currency”

VANCOUVER – A team of Canada Revenue Agency “cryptoasset auditors” has been mining a rich seam of unpaid taxes, working on more than 200 files and reaping more $100 million in the last three years.

While the agency says up to 40 per cent of taxpayers who use cryptoasset platforms either haven’t filed their taxes or are at high risk of non-compliance, no criminal charges have been laid since 2020.

Court filings involving a Vancouver-based crypto firm suggest the federal government’s efforts to rein in crypto-based tax evasion and illicit financing are hampered by limited resources for enforcement in a space hallmarked by its borderless anonymity.

The Bank of Canada says creating a digital version of the dollar is technically feasible, but public distrust and limited interest make broad adoption unlikely.

Blacklock’s Reporter says the bank emphasized that it has no current plans to launch a central bank digital currency despite completing a feasibility study showing it could work for basic payments.

The elite want this. For you.

In the balmy late afternoon of Aug. 25, 2024, Sushil and Radhika Chetal were house-hunting in Danbury, Conn., in an upscale neighborhood of manicured yards and heated pools. Sushil, a vice president at Morgan Stanley in New York, was in the driver’s seat of a new matte gray Lamborghini Urus, an S.U.V. with a price tag starting around $240,000. As they turned a corner, the Lamborghini was suddenly rammed from behind by a white Honda Civic. At the same time, a white Ram ProMaster work van cut in front, trapping the Chetals. According to a criminal complaint filed after the incident, a group of six men dressed in black and wearing masks emerged from their vehicles and forced the Chetals from their car, dragging them toward the van’s open side door.