Canadian Start-up Quadriga CX Seeks to Install 30 Bitcoin ATMs in Vancouver
A start-up based out of Vancouver's oldest neighborhood, Gastown, is planning to bring a slew of bitcoin ATMs to the city in hopes of cashing in on the current bitcoin revolution taking place. Quadriga CX, as they are known, is actually a bitcoin exchange. They're flexing their business model to sprinkle ATMs throughout Vancouver, and they've placed an order for 30 Project Skyhook ATMs and are hoping to install them in busy retail and restaurant locations. "Just having one of these in your restaurant or venue, it's going to bring in a lot of those younger, technical-savvy, future-thinking....
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My name is Matt Burgoyne and I'm an associate at Canadian legal firm McLeod Law. I'm involved with Canadian and international counsel in the developing area of virtual currency law, specifically including bitcoin currency. Does Canada consider bitcoin to be a real sovereign "currency" or simply a commodity? This question is particularly relevant given various bitcoin related news stories that have involved Canadian companies in recent weeks. First, as most have no doubt heard, there is at least one bitcoin ATM operating in a Vancouver coffee shop, and according to a Vancouver Sun article....