Bitcoin Can Thrive In Canada
It may not be such a surprise that more technologically advanced nations would be more open to the use of Bitcoin inside their borders, as well as developed countries would accept Bitcoin more than developing countries. Why? Developing countries are still continuing to encourage their own local economies to grow, and do not want Bitcoins or any other types of cryptocurrency not backed by their respective governments to get in the way. This comes after the fact that China, India, and Thailand has discouraged and sometimes outright banned the purchase and selling of Bitcoins to their....
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Earlier today, NEWSBTC and a number of other publications posted about an economic note on bitcoin regulation by David Descôteaux of the Montreal Economic Institute. Descôteaux's report suggested that bitcoin would require regulation in order to thrive, but according to the Canadian Bitcoin Foundation, they would much prefer if the government kept out. In an statement issued on Thursday, Bitcoin Foundation Canada welcomed the publication of the report, but fundamentally disagreed with points made by Descôteaux. "Government intervention is not required for Bitcoin to develop and become....
21 Inc has announced that its mini bitcoin-mining and micro-transaction device, the 21 Bitcoin Computer, is now officially shipping outside the US. The option is initially available only to buyers in Canada, however, new territories will open up for shipping “over the next few weeks”, the firm says. 21 Inc stated in a blog post announcing the news: “Shipping internationally is a first step for us as we look to build the foundations of a machine-payable web, where borderless currencies like bitcoin can thrive.” The Bitcoin Computer allows users to mine bitcoin, set up machine-to-machine....
http://www.youtube.com/watch?v=3BKawxWMfbA. From video description: Michael Perklin (Bitcoin Alliance of Canada), Francis Pouliot (Bitcoin Embassy/Bitcoin Foundation Canada), Jillian Friedman (Bitcoin Foundation Canada), Guillaume Babin-Tremblay (Bitcoin Foundation Canada), Stuart Hoegner (Bitcoin Alliance of Canada).
The Montreal Economic Institute has published a research note on bitcoin in which it concluded that the digital currency's future hinges upon its legal status. The institute argues that retailers, consumers and investors need to know that a clear set of rules governing bitcoin is in place. Such rules would bolster confidence and boost adoption, while at the same time speeding up investment in bitcoin companies. However, "the proposed rules must not hamper the use of bitcoin as a means of exchange, either with burdensome taxes or with excessive administrative rules for users," the institute....
Although downtrends in crypto prices have affected the industry’s growth, crypto-related developments continue to make headlines almost daily. This time, north-American country Canada records an immense increase in Bitcoin ATMs installation. As per the stats provided by Coin ATM Radar, Bitcoin ATM locations in Canada have surged by over 28% in the last year. Canada […]