Canada Finance Minister Has Negative View of Bitcoin
Canada Conservatives Disdainful of Bitcoin. In a speech unveiling the Federal Budget for 2014 on Tuesday, Canadian Finance Minister Jim Flaherty revealed government plans to fight money laundering and terrorism funded via Bitcoin. Using language marked by hyperbole and through allusions to the ever encroaching underworld, Flaherty expressed government concern about the “emerging risks” of Bitcoin: “It is important to continually improve Canada’s regime to address emerging risks, including virtual currencies such as Bitcoin, that threaten Canada’s international leadership in the fight....
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There's A Virtual Currency Provision In The 2014 Federal Budget Implementation Act. Last Friday, Canada's new Minister of Finance Joe Oliver presented the first of two 2014 budget implementation bills to the House of Commons. The bill, that was tabled, was written by recently-resigned former Minister of Finance Jim Flaherty. Flaherty has previously revealed his negative view on Bitcoin in a speech about his 2014 budget implementation plans. As has become increasingly prevalent in the last few decades, the biannual budget implementation bill often becomes bloated with “unrelated measures”....
Signals are emerging that Canada is about to tighten its grip on bitcoin and other decentralized digital currencies. The country's finance minister Jim Flaherty singled out bitcoin by name in his federal budget today, and announced forthcoming laws that would regulate it. "It is important to continually improve Canada's regime to address emerging risks, including virtual currencies, such as Bitcoin, that threaten Canada's international leadership in the fight against money laundering and terrorist financing," said Flaherty in the budget document. The budget went on to promise "anti-money....
The Bank of Canada (BoC), Canadian ministers and the Crown (England) face prosecution for crashing the Canadian economy. The Committee on Monetary and Economic Reform (COMER) has been accusing the mentioned institutions and individuals. COMER has put forward that the attorney general, the finance minister, and minister of national revenue have purposefully colluding with the International Monetary Fund (IMF), the Financial Stability Board (FSB) and the Bank for International Settlements (BIS) to rob the Country of Canada. According to an article in the Epoch Times: The suit alleges that....
The Indian finance minister has finally revealed clues about what is in the cryptocurrency bill that is due to be introduced in parliament. Mentioning no crypto ban, she said that the government will take “a very calibrated” approach to cryptocurrencies. Indian Finance Minister Provides Clues on Upcoming Crypto Regulation Indian Finance Minister Nirmala Sitharaman shed some light on the upcoming crypto regulation in her country during CNBC-TV18’s IBLA townhall Friday. This is the first time she talked about the content of the bill and the Indian government’s plans....
In the wake of the voting yesterday, Greek Finance Minister Yanis Varoufakis realized that he would not be able to stay on as finance minister. He explains it as such on his blog, saying: Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted 'partners', for my... 'absence' from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason, I am leaving the Ministry of Finance today. Kostas Koutsaftikis / Shutterstock.com. This could be an....