Hey Compliance Nerd! A friend of mine who wants to make a investment in Bitcoin. However his concern is declaring it to the government, so a couple years down the road if it is a successful investment he isn’t left dealing with AML regulations. Is that something that should be a cause for concern? A … Continue reading Ask Amber: Does bitcoin investment bring regulatory headaches?
Last September, the McGill Cryptocurrency Club hosted a Bitcoin Airdrop during the McGill orientation week, after a partnership with ChangeTip enabled the club to give bitcoin to the incoming class of students. This September, the Blockchain Education Network is expanding the airdrop across Canada and the United States, thanks to a partnership with BTC.com. Student … Continue reading Bitcoin Airdrop Initiative Expands across Canada and Globally
Ever since people began living on Bitcoin, gift cards have been a popular choice. By accepting bitcoins for gift cards from vendors like Tim Hortons and Amazon.ca, CoinCards.ca has been a good measure of the Canadian Bitcoin economy, allowing people who get paid in BTC to access all kinds of goods and services. Recent figures … Continue reading CoinCards Passes 1000 Completed Orders
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? … Continue reading Ask Amber: Grace Period for MSB Licenses from Quebec’s AMF?
A new proposal was announced by the European Commission that can drastically change the environment for digital currencies in the European Union. This is after Bitcoin was determined by the European Court of Justice to be treated in the same way as traditional money. In a statement they released that bitcoin transactions “are exempt from VAT (value-added … Continue reading New Proposal Can Change Digital Currencies Laws in Europe
March 3, 2016, the 2nd annual National Crowdfunding Association of Canada Crowdfunding Summit will be held at the MaRS Discovery District in Toronto. Keynotes and panels at the summit provide insights about innovations in global finance and the sharing economy, impact investing, economic growth and market trends, regulatory updates and a fearless look at the future. This year’s … Continue reading Ethereum Co-Founder to Address National Crowdfunding Summit in Closing Keynote
The bitcoin community has grown substantially since the beginning of 2009. As the community grows, so does the number of businesses that build the bitcoin infrastructure. Many early bitcoin businesses stop being able to compete and fade into oblivion. The ones who have stuck around though have become the foundation of the industry. QuickBT is … Continue reading Jamie Robinson from QuickBT Discusses the Canadian Bitcoin Ecosystem
What’s the proper cryptocurrency Christmas gift for the Bitcoiner who has everything? If you’re having difficulties finding the perfect gift for the cryptocurrency enthusiast in your life, here are some suggestions to help your search: For the Caffeinated https://www.etsy.com/ca/listing/258099948/doge-coin-shibe-cryptocurrency-theme For the Fashionista https://www.etsy.com/ca/listing/255088701/bitcoin-necktie-cryptocurrency-mens-tie For the Hipster https://www.etsy.com/ca/listing/255647072/bitcoin-bow-tie-cryptocurrency-mens For the Pocket https://www.etsy.com/ca/listing/255545047/bitcoin-pocket-square-cryptocurrency … Continue reading Cryptocurrency Christmas – Bitcoin for the Holidays
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 … Continue reading Voluntary FINTRAC Reporting
Hey Compliance Nerd! I run a Canadian digital currency company, and we’re having a really hard time getting a bank account. We’ve talked to a few banks, and most tell us that they don’t deal with Bitcoin companies (which is a bit crazy given all of the news about banks investing in Bitcoin). Recently we … Continue reading Banking Woes