Vault of Satoshi Announces Full Money Service Business License in Canada
It seems like there's no shortage of bitcoin exchanges out there. But how can you really know which one to trust? One of the ways is to follow their announcements. If they're ordinarily quiet (see Mt. Gox) you might have something to worry about. If they, on the other hand, are vocal about their operations, that's another story altogether. Enter Vault of Satoshi. I've been following this exchange for some time now, and I personally like what they're doing. The Canada-based exchange announced today the full acquisition of their money service business license in the country (this is similar....
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Canadian bitcoin exchange Vault of Satoshi announced today it had gained a full Money Services Business license in its native country, after spending "some time" in a probationary period. Announcing the license on Reddit, Director of Marketing Adam Cochran wrote: "Vault of Satoshi has always gone the extra mile to be a 'by the books' exchange. We've always been a registered corporation, let users know who we are, always reported to FinTrac, we follow all the same regulations as a currency exchange, and we operate inside all Canadian regulations on financial services." The license is....
Bitcoin exchange Vault of Satoshi today launched a full public proof-of-solvency service for its customers, saying it is the first digital currency exchange in the world to do so. The "unapologetically Canadian" company has embarked on a string of compliance and transparency initiatives in the past months. In March, it received a full Money Services Business licence to operate in all provinces of Canada and serve international customers in listed countries. Vault of Satoshi (VoS) said its new proof-of-solvency system is "not just an audit", but provides full proof via cryptographic trees....
Vault of Satoshi announces full public proof of solvency, one-uping third-party audits. Monday, the Canadian-based cryptocurrency exchange Vault of Satoshi, announced the launch of a public proof of solvency service. The company says it is the first to do so - outmaneuvering the third-party auditing efforts of rivaling exchanges. In essence, Vault of Satoshi is publishing their cold storage for the public to view. Customers can check the company's total reserves on the website with the company security center and verify the reported reserves with an independent tool. Because of security....
Vault of Satoshi- a Canadian-based bitcoin and alt-currency exchange - made huge news this past February by announcing their approval as a Money Transmitting Business (MTB) with FINTRAC. What is FINTRAC and why should I care? FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) is Canada's anti-money laundering and anti-terrorist financing group. They are an independent agency that cooperates with Canada's government through the Minister of Finance to show Canada's leaders that businesses are operating in a legitimate way. Their overall goal as an organization is to "be....
The owners of Vault of Satoshi have announced that they will be closing the notable Canada-based bitcoin exchange on 5th February due to the "insane" growth of a new business venture. Though short on details in the official announcement, Vault of Satoshi co-founder Mike Curry told CoinDesk that the success of new venture TurboFlix has encouraged the exchange's owners to switch focus. Launched six months ago, the service has gained popularity by allowing global Netflix users to bypass restrictions that limit their movie libraries. Throughout the conversation, however, Curry stressed that....