O Canada! Regulating Bitcoin at the National Level
Canada has taken an ambitious step by implementing a national law that would regulate bitcoin at the national level. People in community have debated whether these types of regulation are needed at the moment because Bitcoin is still such an infant technology. From the looks of it, the implementation of this bill may have come too soon and will definetely affect Bitcoin business in Canada. Christine Duhaime of Duhaime law reviews the amendments Bill C-31 and how it amends Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Regulates Bitcoin as MSB - Bitcoin dealing,....
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With news today that Canada is regulating bitcoin at the national level, gambling websites Just-Dice and Doge-Dice (under same ownership and presumably run from Canada) have announced that they are ceasing account depositing and betting for the foreseeable future. The news comes from the sites' official blog in a post made by a staffer that simply goes by 'Deb': As some of you know and many of you are going to find out, we have determined that the best course of action following Canada's new regulations regarding 'online currency' is to temporarily disable betting and depositing on both....
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 gloves are off for Bitcoin legality – Canada has implemented what is the first official national law on Bitcoin use. Its signing was quiet, notes Christine Duhaime, B.A., J.D., Financial Crime and Certified Anti-Money Laundering Specialist of Duhaime Law. Last Thursday, royal assent was given by Canada’s Governor General to the discretely-named Bill C-31, An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures (“Bill C-31“). 1. Regulates Bitcoin as MSB – Bitcoin dealing, more specifically referred to as “dealing in virtual....
There's been a whole lot of innovation in the world of bitcoin going on in Canada. Just this morning we reported of CoinTap's business coming to life in a Canadian pub. Wednesday, we reported that another bitcoin ATM in Canada would start operating in Ottawa Thursday. All through the the Canadian government has been relatively silent. Until now, that is. The Wall Street Journal is reporting that a government official in the country has said that bitcoin is not recognized as legal tender within their borders. "Only Canadian bank notes and coins are recognized as legal tender in Canada.....
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