Category: Advice


Amber D. Scott, Compliance Nerd

Ask Amber: Grace Period for MSB Licenses from Quebec’s AMF? No Comments

Hey Compliance Nerd! I want to start serving clients in Quebec. I've already got a respondent, since I don't have offices in Quebec...  but my respondent is telling me that it could take as long as six (6) months to get a license under Quebec's MSB Act?!? What's up with the time that this takes?  Is there a "grace period" or something that would let me start serving clients ASAP once I've submi...


NewsBTC CA Amber

Ask Amber: Are AML Clearance Certificates a Scam? No Comments

Hey Compliance Nerd! I got an email from a customer asking for an “AML Clearance Certificate” from us. The customer’s email said that this was something that their bank had requested, and that once they had it, they would start doing a lot more trading. They even sent us a link to a site that would apparently issue the certificate once background checks were conducted, but something didn’...


NewsBTC CA Amber

Voluntary FINTRAC Reporting No Comments

Hey Compliance Nerd! We buy and sell Bitcoin and a few altcoins in Canada, but we’re not a regulated entity under Canada’s AML rules. When we think that something shady is happening, we stop dealing with certain customers… Should we also be telling anyone about it if we suspect that there may be money laundering involved? We’re not sure who to talk to, and we want to make sure that we...



Buying Bitcoins

Why We Should Use Bitcoins No Comments

Thank you for taking the time to read my post. Bitcoin is a pretty new type of currency which is gaining acceptance, but most people yet do not know why they need to take time to make use of it. In this article I will be discussing why using bitcoin is beneficial and why more people should start using them. Why use bitcoin? Listed here are reasons why it is worth spending time to participate in...


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NewsBTC Canada Welcomes Bitcoin News Writer Jeanie Freshie No Comments

NewsBTC Canada welcomes our newest regular bitcoin news writer and contributor Jeanie Freshie. She will be writing articles and providing insight about Bitcoin and cryptocurrency from the perspective of the "regular person" who uses Bitcoin and other cryptocurrencies. Jeanie's background is in writing and business and her perspective will provide a fresh view of how we look at Bitcoin in the "rea...



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Bitcoin at the CNE… How can Bitcoin work amidst chaos? No Comments

The Canadian National Exhibition is now running in Toronto until Labour Day weekend. This bittersweet event for Torontonians marks the start of the days where we can ride rickety contraptions, eat deep-fried anything and try our luck at games of chance in hopes of winning a stuffed representation of popular cartoon characters. It also marks the (un)official countdown to the end of summer which ha...


trading

Canadian Bitcoin Markets No Comments

From time to time we will be taking a look at the Canadian Bitcoin (and some altcoin) markets and how they are performing in comparison to others. Aside from the difference in dollar value the Canadian markets for cryptocurrency tend to follow the same trajectory as other International markets but they are not as subject to quick variances like other, larger exchanges. Two of the highest volume...


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