Hey Compliance Nerd! I would like to serve customers in the USA, but I don’t plan to have staff or offices there (we’re based in Canada). I’ve tried reading through the New York Bitlicense and other money transmitter rules, but it seems complicated and expensive. Basically, I’d like to know if all of that is really necessary if all of our transactions take place online. I don’t want t...
Hey Compliance Nerd! I've just incorporated my company, and I can't tell you what the business model is yet but it's related to digital currency, and it’s going to be awesome. When I went to my bank to open a bank account for my company, they told me they don't open accounts for digital currency businesses. One of my friends suggested that I go to another bank and just tell them I'm a softwar...
We all know why Bitcoin is great, but it helps to look at the other side and explore why Bitcoin may not be the ultimate solution to every problem… At least not yet! A large portion of the growth of Bitcoin is still attributed to speculation. There are many holders of Bitcoins who do not want to transact with their coins but rather wait for their value to naturally increase due to their defla...