The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - They're Not Coming For Bitcoin. They're Coming For YOU. | CBP 257 Pt 1

Episode Date: March 24, 2026

Someone kidnapped a Canadian crypto millionaire on a busy Madrid street this week. Zip ties. Sleeping pills. A GPS set for a torture site 6 hours away. Meanwhile, a man's wife stole $172 million in Bitcoin by watching him enter his seed phrase on home security cameras. This episode might change how you store your Bitcoin.We're also covering Canada's largest single-day crypto regulatory crackdown, what happens when the biggest Bitcoin payments company fires 4,000 people and then quietly asks some of them to come back, and why Quebec's immigration minister just went viral for comparing Canada to Switzerland.Check out Cory (and Luke) on their NEW show @the49thpod - wherever you get your podcasts!🔐 Canadian Crypto Millionaire Kidnapped in Madrid — Three Serbians with zip ties, sedatives, and a plan. France has already had 11 similar attacks this year. This is the new threat model for Bitcoin holders.₿ Square Auto-Enables Bitcoin for Millions of Sellers — Starting March 30, the coffee shop that uses Square might be accepting Bitcoin without even knowing it yet. Lightning Network. Default on.🏦 BlockFills Files for Chapter 11 Bankruptcy — $61 billion in 2025 volume. Backed by CME Group. Still blew up. The Chicago Blackhawks are a creditor.📷 Wife Steals $172M Bitcoin Via Security Camera — UK High Court case: she watched him enter his 24-word seed phrase on their own CCTV. 2,323 BTC moved to 71 wallets in minutes.🔑 Breez SDK Introduces Seedless Wallets — Passkeys instead of seed phrases. Self-custodial. No 24-word backup required during normal use.🏚️ $500K Per Homeless Person in Toronto — And the CBC says Canadians are unhappy because of social media.🇨🇦 FINTRAC Revokes 23 Crypto MSBs in One Day — Canada's AML crackdown is no longer gradual. Finance Minister Champagne called it a "significantly increased pace of action."🕵️ BC CRA Employee Charged — An insider with access to your taxes may have used it. This is what centralized financial surveillance enables.📉 Kraken Freezes IPO — $2.2B in revenue. $20B valuation. Still won't go public. Bitcoin down 44% from highs is doing that.🤖 Block Rehires Laid-Off Workers — They fired 4,000 in February blaming AI. Three weeks later: "Actually that was a clerical error."🌌 Canada's $200M Spaceport Deal — Nova Scotia is getting a commercial launch facility.🇨🇭 Quebec: "Better 9M Rich Than 15M Poor" — The immigration minister quoted Switzerland. The internet had thoughts.🛂 Super Visa Income Changes — Ottawa quietly changes who qualifies for parents and grandparents to stay 5 years per visit. Starting March 31.🔫 Ontario Homeowner Shoots Intruder, No Charges — A quiet but significant precedent in Canadian self-defense law.🎣 FBI + Thai Police: $580M Seized — 8,000 phones. 1,300 hard drives. Industrial-scale pig-butchering scams targeting Americans, run by trafficking victims.🧃 Chicago Man Resells Food Stamps Through Soda Arbitrage — The greatest free market story of the week.📉 Newton Crypto / CIRO — Canada's regulated exchange journey: four years in, still on exemptive relief.🏛️ "Only One Good Bitcoin Policy" — Buy it. Hold it. That's the whole argument.🔔 Subscribe and hit the bell — Canadian Bitcoin coverage every week.🎙 Join the conversation: https://discord.gg/m5vekwZr🐦 Follow us: @CanadianBTCPod

Friends and enemies, welcome to yet another edition of the Mighty Canadian Bikwiners podcast. Today, we have a few different stories that you probably enjoy. We've got the five euro wrench attack that happened in Spain. Beware if you're traveling, especially if you are a quote unquote influencer because you didn't know what's going to happen moving forward. Secondly, we got the war in Iran. That's going on. And we got Trump.

He needed to pump the market. So a two-day warning became a five-day warning. in Langsoe. Interesting stuff. We got a beauty story about Chicago, somebody's selling some snap cards.

Your favorite Brampton versus Hamilton Man segment or maybe a throw a curve ball and we'll test the waters for a different region of the country.

So much more. Coming up on a mighty CBP sit back, crack open a beer and sit back. Relax. This is going to be a beauty. And so,

you know, the government can say whatever they want about this thing not competing. It's for black market only. It's for this for that.

But they're really treating it. threat and one of the things that can't be attacked is your self-custody bitcoin and one of the things that can be exposed to that that's my view it's not a good idea and by the way that'll hit msTR too it'll probably hit other stuff as well friends and enemies welcome back canadian bitcoiners podcast friends and enemies welcome to the CBP want to be better informed listen to levin joe spots is taking care off right off the top oh bitcoin and easy dns the media is feeding the Welcome back. I'm Lenda Legend.

You may be wondering what the hell is going on. I can tell you what the hell is going on. Joey's under the weather. His voice is not with us right now. It's going to be coming back in the very near future. But I am joined by the one and only boomer, aka Corey. How are you, buddy? Living the dream, man.

And we can confirm that Joey has not been kidnapped in Spain? No, he is, well, you know, unless he's not telling us the whole story, but I didn't get anything in code. So he wasn't blinking in a certain rhythmic fashion that would lead to me to believe that he's under duress. But he's cool. He'll be back at it. I think in the next couple of days, his voice will be back.

But yeah, I appreciate you pinching for him. Anytime. Dude, I'm always here anyway. Whether I'm on camera or I'm just listening in and chatting on the YouTube stream, does it really make a difference? Like, it's, I'm always here. I hear you, man.

So what's going on with you these days? I hear you got a new podcast going on. Yeah, yeah. Started something different with Luke, also known as Business Cat from the Rock Paper Bitcoin podcast. It's a friend of the show, friend of the CBP. We're going to start doing just 10 episodes. We're going to do 10 episodes of a podcast called the 49th Parallel.

And it's a podcast for Bitcoiners, but it's not about Bitcoin. It's about men's issues. So dealing with stress at work or family stuff or death in a family. Issues that all men have to go through. But being Bitcoiners, we go through it just a little bit different than everybody else maybe. And that's what we're going to discuss for 10 episodes. So we're going to give that a shot. I hope you'd do more than just give it a shot.

For everyone out there, give it a listen. Give it a listen. Man, too bad you didn't go with my recommended name, the 41st hour. Great name. Great name. Absolutely. Fucking mint, but yeah. And yours truly, I left the basement just briefly.

I went to London. NHL 94 tournament smoked the competition over there, Veni, VD, Vichy, and I came back home as champion. And it's interesting to see how some players that don't play online, and how they're just not evolved. Let's just go with that. And I'll leave it at that. What team did you play as?

Oh, it's not one. It was just keep going. So I played as shitty as a team as a senators. And as good as, what was the best team I played with as the Rangers? Quebec, Nordiques. I didn't play very much. Oh, no, Boston Bruins. I played at the Bruins.

They're top to your team. So I played at them against an All-Star team. So congratulations with that. I did see that over the weekend. It seemed like you guys had a pretty, decent crowd over there? Yeah, it was like 10 or so. Usually from what I gather it's bigger and it's bigger when it's not March break,

but it was March break and it is what it is. But Boomer, before we go any further, we've got to do some of the show sponsors. And with the magic of the intro web, we're going to have Joey read the first sponsor, the EasyDNS sponsor. So Joey, take it away. Let's talk about the sponsors. EasyDNS is the title sponsor. What can you say about Mark that we haven't said already?

I don't know. I had a nice chat with Mark today. It's always nice to talk to Mark on the phone. ECDNS is the best place for you as a small business owner, as a bitcoiner, as a newsletter provider, as a Shopify user to start a website. How do you start a website land? You got to buy a domain. Mark is the guy who can help you buy a domain. He's got every prefix, every suffix. He's got an AI domain generator, which is hilarious. and he will even help you if you've already acquired a domain and you're not happy with your current DNS provider. He's going to take care of that for you as well. If you're a Bitcoiner, you can use the virtual private server stuff to do Noster relays and Bitcoin nodes and stuff like that. Also now you can have a Claudebot running on a virtual private machine.

So doing your dirty work without exposing your desktop computer to all the negatives of those things. God knows there are many. plus for a couple extra bucks, easy mail, domain, sure, very simple stuff. Protect your business, your mailing list, your client list, all these different things that are not well protected these days

and are becoming more and more with target. If you want to go there and get 50% off your first round of buys, use our promo code CBP media, and it's a quick slash of whatever's in your cart the first time through. So load up, man. Don't wait, act now, all those good things. And go visit marketesidnizdn.com. Thank you, Joey.

We're doing this sponsor for ECDNs. Bumer, do you want to do the second sponsor, which is Bould Bitcoin? Bull Bitcoin, the absolute best place in Canada to buy your Bitcoin. And the best place in a lot of other countries, too, right? Like, they're all over the world now. Like, I can't say they're absolutely every country. I know they're still not in the U.S. I know they're still not in many places in Asia.

But if you're in Latin America, if you're in Europe, if you're in, obviously, in Canada, there is no better place to buy your Bitcoin than Bull. I've been a customer of theirs for a long, long time. I'm a user of their lightning wallet, their liquid wallet, and just overall, just a ton of great guys over there. Use the link in CBP. How much do you get off? You save half a percent on what's the number?

on every single purchase. Buy or sell, yeah. Yeah. Do you ever use any of the other options? Do you ever do the reoccurring buys, the auto buys or limit orders? I did for a long time. I did for a long time. I did the reoccurring buys for a full year.

I did daily buys, a daily DCA for 365 straight days. Fucking A. So yeah, have you ever paid your bill? Actually, you know what? I won't go there if you get spending your Bitcoin. that way I don't want to just piss off the wrong people just in case. But if you do want to send your Bitcoin. I have not.

I have not, but I know people who swear by it, their bills program. I know people that pay for everything through that mechanism at Bull Bitcoin. So get in contact with the guys. They'll hook you up. They'll help you. They'll even help you, like, sell a house for Bitcoin. Yeah, yeah. Yeah.

And of the people that you know that were paying bills with Bitcoin, you only know their online name. you have no idea who their real identity is. So if they come asking for you to give some names, and you have no idea. You have plausible deniability. Somebody in Mexico, I don't know. Okay, let's go on. I got some boosts.

I got to rhyme off here. Number one, I got Minion 100 sats. Did not give any message. Just gave that 100sats. So thanks, Minion, but come on, bud. Give a message next time. Or at least you get a little more airplay with that sats. L-U-M-O-R, L-M-R, L-U-M-M-R, 5,000 SATs.

he says maybe double the voting weight for people with skin in the game and he says in brackets kids he says no way non-French Europeans with similar living standards would move to Quebec of all places

and have to learn French he's definitely responding to Joey's recent interview with Francis Puglio I would assume I'm thinking that there are maybe some people outside of French

European speakers could still move to Quebec. I'm looking maybe Portuguese, Italian, for instance, Spanish, because there's some similarities between the language. And a lot of Italians didn't move over to Montreal region way back when, so it's not like it's unheard of. But anyways, last but not least, we have Pablo, who's in the chat right now. Thank you, Pablo, 21,000 sats. He says, I owe you for the couples therapy provided by Joey and Francis.

Sat down with the Wi-Fi to listen to this and both enjoyed it thoroughly. So everybody out there who sent us sats either by streaming sats or just boosting us sats, we appreciate everything you provided us. Boomer, that's it for my list of things to do. We did this pretty darn quick. Anything else you wanted to talk about before we just dive deep into the stories? No, I'm excited. Let's talk about the news.

Let's talk about the stories. Let's talk about the first one. Be kind of brief on this one, but I'd like to hear your comments, It's the five-year-old wrench attack, and that took place in Madrid, Spain. And these wrench attacks appear to be accelerating. If you go look at Jameson Lopp, he keeps track of this stuff. And you'll see that there's more and more of these happening on a weekly basis. This last one in Madrid took place on March 17th just a few days ago.

And it was a 33-year-old Canadian, quote-unquote, crypto entrepreneur. So basically give him the shit coin tag here. He was finishing up a meal or had finished up a meal at a very expensive restaurant in a very trending part of Madrid. And once he left, he was ambushed by a few street thugs. It looked like they were trying to initially steal his expensive watch. Again, this guy, he's flaunting it, right? Like, he's went to the expensive restaurant and a trendy part of town

wearing expensive clothing and watch. And so they used pepper spray on him and they forced him into a getaway van. The problem is they were spotted by some nearby folks who witnessed the whole thing, and they tipped off the police who were nearby. Then a chase resulted as a list. The police managed to box in the van. It was pretty cool stuff. And what they did when they ended up finding it, stopping them all, the crypto dude was found bound with plastic zip ties, also found in the van. They found sedative pills.

And two Serbs, age 32 and 35, were apprehended and charged. And one other dude was, he left the scene, he fled, and they're currently being hunted by Spanish authorities. So all this goes to show more than anything. There are a lot of people out there that hopefully have increased their net value, the net worth with buying Bitcoin under low and just sitting back and watching the world burn and having Bitcoin accumulating value. The thing you should not be doing, though, is flaunting it.

You know, if you're going to, if you have money, if you have means, just blend. in, man. You don't have to go to expensive places. You can you can just blend in with the common folks, live your life, and nobody would know that you have whatever it is on your cold card. That's the way to properly do it. That's the way I intend to live my life.

I don't know about you, Joey. Oh, Joey, Corey. I think called worse. But yeah, I mean, what do you think about this story? I thought it to be quite interesting. Everybody should feel free enough to be able to go to

nice restaurant and not have to worry about being kidnapped. You know, like, sure, maybe this guy was flaunting it, right? Maybe this guy was flaunting it. Maybe this guy was bragging on Instagram or wherever about how much money he had and something happened. Like, I don't know. Maybe he got tipped up, somebody tipped off these kidnappers slash thugs slash gangsters. I don't know.

Maybe somebody at the IRS or CRA or whatever. because you hear the stories about France and it's pretty shocking. I don't know. We'll talk about a Canadian one that's going to be similar to this. Yeah. Yeah. The French, the stuff going on in France is quite shocking. This seems a little bit different because it's a different cast of characters. The accused, I guess we can call them, I guess, innocent, the proven guilty, I guess, right?

Although they were caught red-handed these two series. Right. They can see what, but apparently the Duke. was the crypto entrepreneur was there to do business in Spain. So it's not like he was there just to fucking eat. And just, so he was, somebody knew he was showing up to do some business.

Maybe they use that information, as you say, like, you know, to nab him and start this whole ransomware type, or ransom type thing. It's easy to do, right? Like if you get the, fuck, what did it happen to one of the CEOs of a Bitcoin exchange in Canada? Am I right?

Was it like Bitbuyer or something? Or? I could have sworn he lost a finger? Yeah, yeah, yeah. And it was in Europe, too. I think it was in France. I think that was one of the things happening in France. Because this has been happening a lot in France recently.

Like when I mean recently, I mean the past 18 months or so. This is the first time I can remember hearing something about Spain. And this is the first time I can remember hearing, you know, Serbian thugs. you know, that that's not the typical, you know, I've been hearing Morocco, I've been hearing other places in Africa, but. Former Yugoslavia, the mafia over there, there's rampant. And, you know, so yeah, you got to be, in fact, I mean, going into a, in the weeds here, about 15, 20 years ago, the former Yugoslavian mafia people were heavily involved with

match fixing in soccer. in Europe, heavily involved. So why wanted to just recruit the same folks? Maybe a little longer in a tooth. To do some. Sounds like they got the kids here. The guy was what, 32 and 30, whatever the fuck they were. Yeah. Yeah.

This is a sign of a lot of things, right? 100%. This is not, this isn't a Bitcoin story, probably. Maybe it is. I don't know. I don't know who this guy is. I didn't really even really look for. his name, but if it would have been a bit coiner, I think it would have come up a little bit more

in my feed. This guy sounds like he was a little bit of a shit corner. I don't know. You know how those shit coiners tend to be with the. Yeah, they got the fucking ledger hat on and the fucking device that's, you know, this guy's, he's fucking, we painted a picture and he's fucking, he's following suit exactly. But we don't know for sure. We don't know for sure.

For all we know, maybe these thugs were outside the restaurant and they were just looking for a mark. We were just waiting for the first guy that they didn't have a bodyguard that didn't have that they thought that they could handle and they picked them up. I don't know. That being said, be careful out there. Like be aware. 100%. Just be aware. I was recently on a local Bitcoiners podcast.

It's a great new podcast. So, you know, everybody go out and download local Bitcoiners. It's one of the best, it's definitely the best new Bitcoin podcast that's come out this year, without a doubt. And we were talking about attending Bitcoin meetups and just, you know, security. You know, just personal security, just taking care. You know, don't wear too many Bitcoin related swag when you go outside. If you're going to go to a Bitcoin meetup at night, try to park in a parking lot that's well lit

that's close to the venue that you're going to. And drive a shipbox? I drive a shipbox. You drive a shipbox. Actually, you don't. Yeah, yeah, yeah. Yeah, you're driving. Yeah, you've upgraded.

Brand new to me. Yeah, brand new, yeah. To me, I figured what I had. I'm back, I still have an old motorist. cycle from 1993 in my garage. So like I have old shit. As long as it starts, it goes. Gidey up. Your

vehicles are like older than most of your listeners. 100% yeah. My old car that I had to get rid of recently. Yeah, it was 23 years old. Did you ever 25 years? I had it for 24 years and one day.

That's nuts. It's Alexis, right? Toyota. No, so Ferrari. What do you fucking do? talking about. Let's move on to this story of the white. Oh, sorry. Just to sum it up, just to wrap it up, be careful out there, guys. And here we are on a on a podcast using our real names. Well, maybe that's my real name. I don't know. Len, I don't even know if that's this real name. We don't know. But just be aware and be careful. And if you're going to go to a nice restaurant,

you should be allowed to go to a nice restaurant. I don't think if you want to celebrate your anniversary or a birthday or whatever and you go to a nice restaurant that shouldn't be you shouldn't have to worry in a first world country about being abducted outside of a restaurant 100% but unfortunately we live in this world and that's why i celebrate all anniversaries and birthdays at McDonald's let's go on to the uh this why you should be very careful with your seed phrase uh because this is a story out of the UK and a court case over there that that hit the UK High Court. It involved a person by the name of Ping Faye U.N.

And also his wife, Fun Young Lee. So fun, well, apparently the claim was that back in August last year, buddy Ping had 2,300 Bitcoin. Not one, not 10, 2300 fucking Bitcoin. And he set it up using a treasured device and use that to store everything and blah blah blah so buddy said that his wife and maybe he she got some help from the wife's sister they used home security slash ccTV cameras to watch him when he does his shit with his bitcoin and steal the keys to his wallet so how did he find this out

he was tipped off by the kid, did their kid, and also he secretly installed equipment to spy on his wife, and he recorded her saying, that Bitcoin has been transferred to me. But he went nuts. Apparently assaulted his wife.

He went to jail, pleaded guilty for assault back in 2024, and now we have this civil case for the stolen Bitcoin. And a wife was claiming, this is fucking great stuff, was claiming that Bitcoin isn't tangible. property and therefore cannot be stolen under traditional legal definition of English law. But the judge wouldn't hear any of that bullshit and said the case is going to move forward. And so they did some investigating the 2,300 plus Bitcoin was split across 71 different

exchange addresses. So they were using a ton of exchanges out there to do whatever. But apparently the coins haven't moved since December, 2023. And they're suggesting maybe they're doing. doing this as a way to keep things low and because there's a police investigation. Who the fuck knows? But man, oh, man. Man.

You know, this is the thing. When you do something with your Bitcoin, there's no turning back. It's gone. It's finished. Like, fuck it. You can't go and call up the central bank and say, could you please reverse this transaction? You can't go to the manager of Bitcoin. Could you please get this fix?

No, that doesn't fucking happen in Bitcoin. Make sure you trust whoever it is that you are giving any information to. But in this case, it looks like the wife was being. conniving to get the information. Not saying she's guilty, but the story seems interesting. Let's assume she's guilty. You don't know who to fucking trust.

That's all I've got to say. The most important decision you're ever going to make in your life as a man is who you're going to marry. That's it. That is the most important thing. Who are you going to spend your life with? Also putting the type of good,

choosing the right type of oil for your car, I would say is another, it's got to be up there as well, right? Top five. Top five. Yeah, for sure, for sure. And what you're doing every Monday night, that's also like very important, right? Like what you're doing at 7 o'clock on a Monday night, also very important. No, but this, how could this have been avoided if you're this guy? Like, first of all, 71 exchanges, that's, do we know what this guy did for a living?

Was he a traitor? Was he an old OG minor? Like that's a lot of Bitcoin. And that's a lot of Bitcoin for one device. Like on one piece phrase. I don't know. I'm not going to sit here and tell anybody what to do with their Bitcoin. But I know that if I had 2,300 Bitcoin,

I definitely wouldn't have it all on one seed phrase. I'd have that. spread out a little bit better than that. There's options out there for a whole bunch of different things other than this. But if your wife is so hell-bent on getting at you that she has cameras installed in the house to see what you're doing with your freaking passwords on your phone or whatever, she was probably going to get this Bitcoin no matter what. Right? Could this guy have avoided it?

If he thought he was in love with this woman and she was the love of his life, obviously the mother of his child, if there were no signs, like no signs of this bitch is crazy. I don't know if he could have avoided this. Yeah. It was inevitable. This was going to happen. Now, in terms of the cameras in the house, probably he had that for security reasons. and she just happened to get the feed and he was just using the device

in front one of the cameras. And I always say when you use your and set up a device, make sure you do it in a room that has nothing. I always make sure that there's no cameras, there's no microphone. No window even. I remember when I set up my cold card, I like made sure there was not even a window in my, in the room I was doing it.

Yeah, for sure. Yeah. I did mine in the basement because I never fucking leave the basement. So windows obviously are just not even here. So yeah, like, just be careful what you do with it. And using those 71 exchanges, it just goes to show you they kind of have an idea what the fuck they want to do with it. They understand the property of Bitcoin how to use it. But man, like, just be careful when, you know, whoever it is.

I don't really understand across 71 changes. So was it accumulated through 71 exchanges? No, they moved it out to 2,300 Bitcoin from the treasure wallet to 71 different exchanges. Oh, okay, okay. start to sell it. But didn't sell it? No, it's been just sitting there in those exchanges since December 2023. That is sketchy too, right?

Yeah. Of the 71 exchanges, like, if you're just doing the math on that, how often do exchanges go bankrupt? Quite often. Yeah. They don't give a shit. This is free Bitcoin for them, right? They don't go to fuck.

They're hedging their bets. If one exchange goes tits up, there's still another 70 that they still have Bitcoin on. But you're right, like about also spreading a Bitcoin different seed phrases. Like when I achieve my 0.1 Bitcoin, congratulations. You'd be damn sure. I'm going to fucking spread that across 10 different fucking devices. There's no fucking way.

I'm leaving just in one. Well, I think we talked about this, maybe the first time I was ever on a couple of years ago, about optimal UTXO sizes. Did we talk about that? Yeah. We've talked about that. This has been an ongoing discussion on this channel. Yeah.

So I'm with you. You got 0.1. If you have 0.1 Bitcoin, I don't know if you need to have that across 10 different devices. Like 1 million. I want my 100,000 stats spread across everything. So 100,000 sats per wallet. Yeah. Fuck.

I don't want to. I don't want to expose my whole life saving the 0.1 million. Bitcoin into one fucking basket, right? If that's somehow, you know, I don't want to risk it. I can't. I won't. Cracking. Talk about them.

Market conditions is fucking up with them. And they had their planned IPO. It's been put on hold. They were planned. They intended their goal was to do this in the first quarter of 2026. Now, the first quarter is fucking almost done. We've got another week and changed to go. And they're saying, you know, market conditions, you know, Bitcoin is nowhere near the all-time high of like, what was it, like 125K.

And also another thing that's impacting their decision not going with an IPO, Bitco, Bitcoin went public this year. And Bitcoin, after going public, things did not go well. The stock, I think that the terminology is it was wrecked. And so they're looking at that and they don't want to follow suit. And all this, keep in mind, too, their CFO was recently dismissed. Stephanie Lemmerman. Where there's smoke, there's fire, right? We mentioned in the show when the CEO leaving just before an IPO, that seems quite fishy, right?

Like it smells like an unwatched match to me. And beyond that, you have the Cracken. They got the skinny Federal Reserve Master account. So you had some positive news coming. It wasn't them. It was one of their subsidiaries. But still, you had some positive news. Now, they're not going to go ahead with the IPO.

Something is fishy here. I don't know what the fuck is going on. I think they're going to go tits up. But there's some trouble going on behind the scenes. And it's hard for me to connect the dots here. But something is messed up with cracking. Yeah, and which is too bad. I'm not a traitor.

I don't think anybody should trade. financial advice, but, you know, I know people who are traders and they like Crackin. Crackin has been a good place to trade Bitcoin and to trade shit coins for the past few years. It's probably been better than most of the exchanges out there. That's why they've been successful. But for sure, if this IPO thing and not going through and delay, delay, delay, delay. It reminds me a swan. Remember a couple, like a year ago, two years ago, people were talking about Swan, we're supposed to IPO.

I haven't heard a whisper about that in over a year. I haven't looked, maybe I should have before, I knew I was coming on yesterday. And I probably should have done a little bit more research. But do you, obviously, I would be surprised if you knew. But are there a lot of companies IPOing this year? not crypto. I'm not talking about

crypto or Bitcoin. I'm just talking about in general. Is it been a healthy IPO? I have no idea. I suspect it's less. I think I saw something

not too long ago. It was indicating that there's less IPOs now. And this was like six months ago. There was less IPOs at that time than the previous few years. And so I don't think there's,

yeah. I think that's back's all the rage too, right? Yeah. That was another thing, right? It was just,

the economy was a different time. a few years ago. And I don't think we can't carry on that same fever pitch. Yes. Yes. I think a lot of these companies, Cracken, Swan, maybe other ones in the space that were planning on going public because they kind of thought that the liquidity spickets were going to be turned on. And they haven't really been turned on since Trump got in. I think that that's fair to say that market conditions aren't nearly as good as what people were expecting. But market conditions, that's, that's always the, the jargon they throw at us when they want it to distract us from the real truth.

Right? It's something else. It's like, oh, we're going to release all the information on aliens. Oh, thank you for doing that, Donald Trump. Yeah. F's Dynneye. Just fucking brushed out of the carpet. Yeah.

Yeah. It's fucking bullshit, right? They always throw us some news. Do you think this is related to that thing that happened in October? Every time I see anything in the crypto space, the broader crypto space, I think about October of last year. And I think about that flash crash that we had. I think it was the 10th of October.

Holy fuck. A memory hold this thing. We had one in October? Yeah. I think it was October 10th. There was an October 10th, major crash. Like some shit coins went to zero.

Like several of them went to zero. Even Bitcoin had like a five or six percent red candle that day. But some of these shit coins just got absolutely obliterated. And there's a lot of talk out there that something really bad happened. You know, a big player in the space went completely tits up. And there are people who, who knows who, that are keeping it, keeping the system afloat, even though like a bunch of people got wrecked, big people got wrecked. Now, I wouldn't, Cracken wouldn't be my first guess of who got

completely slammed. I think they run a pretty good ship over there compared to most. Same with Coinbase. I don't think it's Coinbase that got slammed or Binance, but some of these you know, mid-tier exchanges, somebody could have actually got creamed and maybe this, you know, CFO being, leaving the company, the IPO being delayed, might be related to that.

I don't know. I want to switch over to a FinTrack story. This is, I find interesting. We go back closer to home. FinTrack, they revoked a registration of 23 money service businesses. And they were all doing business as either exchanges, digital wallets, or crypto ATM operations.

Hmm. So FinTrack, they've been pretty active. So in 2026, just this year, they canceled 50 MSB licenses, that's a money service business licenses. And of those 5047 were quote unquote, crypto-linked firms. So they're going after

these type of businesses. And the reason for these registrations being revoke, well, we don't have all the answers here. We just don't. They didn't provide as much information. And even for

which companies went tits up, they only gave us a couple of names. Yeah, yeah. Finast in Slovakia. and Commerceplex in the UK never heard of any of these ones. So apparently from what I gather, the majority didn't follow KYC protocols. They didn't do stuff with,

they didn't provide enough information to deal with money laundering. It's kind of vague. I don't know. That's, that's all they really say. What was your first, what was your first impression when you read the title? ATMs.

There's a lot of ATMs out there. And also there's, um, Bitcoin well runs the K.YC free light, I think. I was thinking, did they get now? I don't think so. I don't think I would have heard. Yeah, exactly that.

Exactly. But it's got to be under radar. If they're doing this, let's be perfectly honest, the KYC free light, because they are providing a service that you could buy Bitcoin, which is providing an email address. I don't think that's sufficient information. I mean, that could be wrong. but just from my limited knowledge about this whole thing,

I don't think that's sufficient information for Fintrack to say, yeah, that's enough to do KYC and follow protocol for that. And I don't know if that's the case. So I'm wondering if that's going to. Maybe, maybe. I think there's how much money you use is how much Bitcoin you buy, the dollar value,

that all counts as well. I think under $1,000 or $3,000, I think it's $1,000. I don't think. you need to do KYC, but anything over a thousand you do? I'm not sure. My first impression when I read... I believe that's 100% right.

Yeah, I'm not an expert on this and please don't, you know, not financial advice. My first impression when I read the title was, oh my God, they're cracking down. You know, this is, you know, choke point 2.0 or 3.0 or choke point Canada or whatever. And then, you know, reading it a little bit and diving in a little bit. little bit more. I got more and more at ease, the more I read. Like, I really don't think this is a crackdown on the crypto space or Bitcoin space at all. Like, do you have any idea how many companies, and I checked, how many of these types of companies exist in Canada? I wouldn't even have a clue. Let me just throw a guest all. Fifteen hundred. More. As many as three thousand.

And it's hard to tell because we don't even really know. So there are literally thousands of these companies and, you know, 50 of them get revoked on their license. And how many of those are do you believe are actually legit companies? Not all. There's there's there's there's the legit scam companies in that in that. 100%. So if FinTrack are going out there and they're cracking down on legit. scams, then have at it, guys.

I got, you know, sign me up. Look, I'll help you. Yeah, like this is, this is a net positive, I think, for Bitcoin. If this is what it is, it's regulators actually going out there and doing their jobs and taking the scams. Now, the non-KYC compliance, I, you know, I have my own opinions on that. My opinion probably is pretty close to the same as yours. probably is pretty close to the same as all your viewers and all your listeners. That's one that I might maybe disagree with the regulators on a little bit.

Maybe, maybe not. But these crypto wallets and these crypto exchanges and stuff that are legitimately scamming Canadians out of money. Like, yeah, I want the regulators to go after these people. I hear what you're saying, but keep in mind that this seems to be accelerating. It's 50 this year, 23 in the past week or so. We can have where the fuck it was or whenever it was reported. So it seems to me that's accelerating. Take that and you also digest that the fact the government is trying to bring up this new CFCA.

That's the Canadian Financial Crimes Agency. So the Canadian government wants to spin this up. And it's going to be a dedicated unit specifically for white collar and crypto-related crimes. And they want to go against what they say dirty money, right? And they say they want to have specialized people out there and deal with finance, deal with shit like that, and do investigations into this and look for money laundering, organized crime that's involved with it, online fraud, shit like that.

So you take that and then you have the national anti-fraud strategy that, Canada has ruled out too. And you see that there seems to be something. I know. I know. But is it accelerating because we were so far behind? Because government here is so slow. That's a good point. This shit should have happened years ago.

And it's just now that they're getting the fingers out of their ass and actually getting onto it. So maybe it's accelerating because of that. maybe I don't I remember we had Ku Koi they were fined 14 million not too long ago

Cryptomus or Cryptomis I don't know if it pronounced at a hundred and 26 million dollar fine they were saying because they were operating without proper registration I just take all this

every story and I digested as one piece of and it's like what the fuck this thing is I don't know man just keep I don't know either I don't know either I could be

swayed either way. Like I get both sides. Like I get what you're saying. And I know people probably listening to me saying, oh, that state is cuck. We're fed, fed, fed, fed, fed. Yeah, there's some of it. Guilty, I suppose. But if we think this Bitcoin thing is going to be as big as we think it is, do you really think that governments aren't going to try to regulate it in some way? and do you really think that no regulation is the right way to go? Like, I don't know. I don't know. I don't know.

Things change, dude. Things change. Things keep changing. And I would rather have regulators that are actually going after scammers that are spending their time actually going after people who are legitimately money laundering, who are legitimately breaking the law, then see them going after, you know, developers because they build, you know, samurai wallet guys or... That, I don't want to see that.

But if they're going after legit scammers, is that not like a net positive for us? Sometimes the approach goes a little too far because the power that they have, they sometimes it's in the way I mean I can go and use the example of what happened with the Emergencies Act not too long ago and the courts two different courts decided that that was an overreach by the government

and now it's going to go to the Supreme Court doesn't make a final decision there I know but you mentioned Samurai I just wanted to just do a segue to that I'm not sure if you saw this is pretty new information apparently the domain samurai wallet.com that was the old that was used in the past by the samurai people apparently now a scammer has taken control of that domain and looks like there's going to be something on there that you could download you think you're going to be using something that is going to to hide your tracks for you know the old samurai way but who knows uh you're careful up there guys yeah don't fucking trust you have to

verify and it's another one this new samurai wallet.com domain a don't go to it and b if you are going to go to it don't fucking download anything from it so if you're going to go to a you're absolutely crazy to do that do it on a fucking burner computer and they destroy the computer after but this is what happened this is the result of all this the government is Rodriguez and his buddy there they're now in jail that's that's that is a problem That's the problem. But that is, that's the far end of what we don't want.

Like, I don't want that. Like, I don't want developers being thrown in jail for writing code. I don't want that. But I do want scammers thrown in jail for scamming innocent people. Nah. I just say we tar and feather them.

Square. Let's talk about square. And it's a good news, I guess, for merchant. Bitcoin adoption because they are now allowing for Bitcoin payment and that will be auto-enabled. And that's for eligible sellers starting March 30th of this year. No longer is this an opt-in.

This is going to be automatically enabled. And they're going to be using Lightning as the mechanism for doing this. And they're familiar with Lightning because cash app users could use, can pay with the US dollar balance over the Lightning network to a Square merchants. So they are familiar with lightning and they understand to avoid the middleman and not using Visa or MasterCard. And as a way to try to entice people to use this, merchants to use this, Square has waived the processing fees for Bitcoin payments until January 1st, 2027. After that, 1% fees kick in. That is quite a bit lower than 2.5 to 3.5% that the major credit cards tend to charge.

So 0% until January 2027. And after that, a mere 1%. Is this going to be used by a lot of people? That's the question. Roughly 4 million businesses use square. Yeah, everybody sees the square terminals. If you go to, if you shop at farmers markets or arts and crafts, you see square terminals all over the place.

Those square terminals have actually been a very good way for me to start talking about Bitcoin with people. I tell them, it's like, oh, that company are working on Bitcoin-related stuff. And you use that, you're familiar with these terminals. There's a local coffee shop here that they're a chain. They're a chain. They're all over the city. And every one of them has a square terminal. They're out there.

There's a lot of square terminals out there. Now, my first question is, will this be available in Canada? I'm not sure. I'm not sure. It's not clear. I didn't see anything. I didn't see anything that would let me believe that this is going to be available in Canada.

So maybe it is, maybe it isn't good opportunity. If you're listening to this, there's got to be at least one or two people that are listening to this podcast who operate in a square terminal themselves. You know, like maybe your part-time job. It's got to be somebody.

So please try. And let me know. Like, you know, hit me up on Twitter. If you have a square terminal, if you're some sort of merchant, if you got something, You know, you do something, you do something and you have access to one of these terminals.

Let me know if it works, because I'm curious. Number two, dude, how many times have you and Joey talked about Square enabling Bitcoin or strike enabling Bitcoin? That's the one strike. Mallors. Square is better, but not that much better. I've been hearing this for years. years and years and years. And it's always, it's like that guy that the Raptors drafted a couple of years ago.

It's like he's two years away from being two years away. Like this is what this feels like with this square paternals enabling Bitcoin transactions. It's like it's coming, it's coming, it's coming and it's never here. So I'll believe it when I see it. I'm happy. I'm glad that it's being done. I will be out there at my local markets trying to on. board people with this when it's available.

I'll try. I've already planted the seeds with plenty of farmers in farmers markets over the past couple of years. So hopefully they'll be primed for it. But I'm going to believe it when I see it. And also like just just when you were something I thought about just as when you were talking about it. Not a bad way for, you know, if you were this type of person, you know, just Just throwing it out there as an idea. I'm not telling you to do this. I'm not saying it's legal or anything like that. I'm just saying, you know, discussion, you know.

Good way to get some non-KYC SATs if you were a Bitcoin. And if you were hanging out, if you were a local, if you were a regular at a farmer's market, let's say, a big farmer's market. And all the vendors were enabled to accept Bitcoin over this. and then you came in with a wad of cash at the end of the weekend and said anybody that got paid in Bitcoin, I'll give you the cash. I wonder if those merchants would sap that,

those sats to you for some cold-ar. It's a little bit more complicated than that because then the merchant also has the ability to automatically convert the Bitcoin to USD. So they don't have to keep it as Bitcoin. All this does is just enable the customer to pay with Bitcoin. Yeah. And also the 1% fee after January 1st versus the 2.5 to 3.5.

So that's probably the lure. And furthermore, you mean, you go to the farmer's market and you use your visa or master card or whatever. There's a delay after you put in or you tap the chip. With Bitcoin, the delay with lightning, it's gone. Like, it's, I don't want to say it's instant, but it's fucking fast compared to traditional scanning your card. to tap in a farmer's market. So lightning is really, really quick. And so that's another thing.

Furthermore, like the question like I really want to know is who the fuck would use this. I don't think a lot of people would use this. That's the reality. It's just it is. But there was a survey done earlier this year that showed over 50% of Gen Z consumers. They prefer shopping at stores that support digital wallets. So Gen Z, they don't have very much disposable income to begin with. but they're more opt to use some like lightning or shit like that

as a way to pay for their goods or services. That's interesting. 50% of them do. And this thing might be receive only with Square. I don't know. Right? What do you mean? Well, they might be able to receive payments on Square,

but they might not be able to send Bitcoin out. Well, it's receiving the Bitcoin 100%. And what they could do, they could convert it to USB or just keep the Bitcoin and then... And if they can convert right away. Yeah. And they say that Square is trying to cap the individual transactions at maximum of $600. So if you want to buy something greater than that, your S-O-L. And they say the daily limit of $20,000.

So let's be honest, you're using lightning. You're not going to buy a fucking car. You're going to buy coffee, lunch, haircuts, stuff like that. No jewelry, no tickets to watch, to leave, shit like that. It's not the reality. It's so, yeah, they are expensive for what I got. Even though they're like in the last place, people still want to watch them. I think that that's $600 is that that's the dollar value that one of the American politicians.

Cynthia Lemmas was proposed that, that Bitcoin transactions under $600 don't need to be reported. I think so. You're ringing a bell. Yeah. Yeah. I think that bill died on the vine, but maybe not. Bull Bitcoin, they made some news for people who like Bitcoin adoption and the policy of that.

The conservative party of Quebec has adopted resolution 1.13. And this resolution was drafted with the help of Bull Bitcoin. And it says here, I'm going to quote, the premise is simple. Bitcoin is a matter of private property. The state has no business encouraging or discouraging its acquisition. And its only duty is to remove the obstacles. It has itself put in place from taxation that penalizes every transaction

to the layering of provincial regulation on top of an already existing federal framework. Also, they're talking about the memorandum of Hydro Quebec and how that's limiting the amount of new Bitcoin operations coming in or expanding existing Bitcoin mining operations in the province of Quebec. So I like trying to do away with any declaration of holding Bitcoin. If you have Bitcoin, why do you have to disclose how much Bitcoin you have? This doesn't make sense to me. But I like the fact that they're trying to push for that. And I like the fact they're trying to push for at least the option. of having more Bitcoin mining continue in Quebec.

But remember this is the conservative party of Quebec, not of Canada, not of Alberta. Well, actually is a different party now. They do not have any seats in the assembly. From my research, I checked every election. They've held only one seat since 2009. And that seat was only obtained because there was a floor crossing, full floor crossing. Somebody, I believe, donated to the federal conservative campaign. They kicked them out of the provincial party.

And they decided, you know what, I'm going to be flying under the conservative party of Quebec banner. So interesting policy. I like the news. But let's be honest, they're a fringe party at best, a conservative party of Quebec. Well, I don't know. First of all, this story was really broken on CBP. because Joey and Francis talked about this last week. Not in the details.

They didn't get into the details of the bill or anything like that, but they did talk about this, about the Conservative Party of Quebec. And Francis told me, I didn't know this. The Conservative Party of Quebec is polling around 17% in Quebec right now. That's not bad. That's not bad. So, yeah, yeah, they're fringe.

party in terms of history. But if they're polling at 17%, I don't think that makes them fringe. That makes them something a little bit more than fringe. Maybe they can pick up a seat or two, because there is an election coming up here in Quebec, because I live in Quebec, coming up in October. So that's, you know, three or seven months away, six months away.

I think this is good. This is a good news. Maybe other parties will pick up on this. I doubt it. It would be good to see. see this kind of being consensus among every party. If every party could hear this, but I doubt it's on any other party's radar. It's good.

Over or under. Will they get one seat? I'll go over. I'll go over. I'll say they'll get one or two. And I'm not a political expert at all. I don't know anything. But I do think there's going to be quite a bit of change.

going on with this with this election in Quebec so I can definitely see you know maybe the leader he seems like a pretty level-headed guy I've listened to him a little bit this is going back a few years when the last time the last time there was an election I I listened to the provincial debates just because I'm a voter right and I thought oh this guy relatively level-headed seems to be making sense to me they're more libertarian than the average conservative party in Canada. Could you name any leader, any provincial leader in Quebec? So who's the premier of Quebec?

Lugo. So you can name one. I can name one. Right? So Rodriguez. I think Rodriguez is the leader of the Lippo party. I think he was out because I know there was some sort of scandal. Yeah.

Did he get the boot? I believe so. Okay. I believe so. We'll give you that one, though. The conservative party is Duhame. The guy is, I think his family is Duhame. Yeah.

And I think Pablo was kicked out, Rodriguez. I got to take a quick peek. But yeah, there was some sort of, I don't want it to like do it in such a way that I'm framing him as guilty. But the allegations were, he did step down, by the way, the Quebec liberal leader, paying for people to vote for him as the leader. Yeah. Like there was a, you know, some vote going on to elect liberal leader of Quebec. And the allegations were that money was exchanged for voters to vote for him. I could be wrong about that.

So don't fucking put me in a cross and crucify me for this. If I am, this is just, you know. If you want to get like Bitcoin, if you have any questions about Quebec politics and you want a Bitcoiners perspective, Nolan Bowerley is like he he knows a lot about politics and he knows a lot about Quebec politics. So I think he's still doing his morning show on Roxham TV. So check out Nolan's show and just go get in the chat and just ask him a question about Quebec politics. He probably his eyes would just probably light up because he would love to talk about it. But yeah, yeah, like there's a separatist party that's going to win, I think.

I think they're, the PQ, the PQ are the leader. They're the, I think, they're the odds on favorite to win. And they're, I got a friend of mine who's a Quebecer, and he likes the PQ, other than the fact that they're like super left on certain things. But he likes a lot, he likes their, their chutzpah. He likes their, their vibe. But he doesn't agree with a lot of their policies. So I don't know.

I don't know enough. I'm not a political person. I couldn't tell you. With that, let's transition to the rest of the news. But before we do, if you're watching, nothing really changes. It's basically a seamless transition. But if you are listening, there'll be a new episode dropping tomorrow. Any final words before we transition?

Don't be a cuck. Don't be a cuck. I like that a lot. So with that, take care. But if you're watching on video, same old shit. it.