Bitcoin Businesses May Reconsider Quebec After Policy Announcement
If you operate an exchange, bitcoin automated teller machine or any other money services operation that does business with Quebec residents, you will need to comply with its updated Money Services Businesses Act regardless of where in the world you are based. This new policy document was first made public on February 1, 2015 (updated to March 1, 2015),....
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Businesses operating a digital currency automated teller machine (ATM) or an exchange platform in Quebec must obtain the appropriate license from the financial regulator, the Autorité des Marchés Financiers (AMF), in accordance to the Money-Services Businesses Act. The authority, which issued a public statement on Thursday February 12, said that companies involved in trading digital currencies, or which are operating a digital currency ATM, must hold the appropriate license and be authorized by the AMF, the regulatory and oversight body for Quebec's financial industry. The AMF further....
One of the biggest stories in the news these past few weeks is the BitLicense. The second draft of the document is now available for view prior to its finalization following a 30-day period of commentary by the general public. As a result, all eyes have been watching New York, the document's official home. When it comes to cryptocurrency regulation, New York is probably first in line. As it turns out, the state's action may be inspiring other geographic areas to at least start following in its footsteps. In compliance with the Money-Services Businesses Act, the east-central province of....
Instacoin ATM. Instacoin continues it steady growth in Quebec by adding two more Bitcoin ATMs in Montreal. Instacoin is a group of independently owned ATMs throughout the Quebec province. The goals are to bring Bitcoin awareness, promotion and ATMs to Canadian in Quebec. Their first Lamassu Bitcoin ATM launched in June of this year. Instacoins goal of getting Bitcoin out to more people has been a success so far. Their two new locations are at La Belle Province 3608, boul Saint-Laurent, Montréal, QC and Ottavio Restaurant 1134 Marcel-Laurin Saint-Laurent, QC. The newest two bring their....
Bit2Bloc's Kevin Fortier with the Genesis1 ATM. There's been quite a bit of buzz surrounding the Genesis1 bitcoin ATM (which incidentally also serves as a litecoin, dogecoin ATM). Since being deployed recently in Tijuana, they've been met with great interest, to say the least. And now, the company behind these machines, Genesis Coin, has announced the arrival of the next Genesis1 machine. It's making it's debut in the Capital of the Quebec Province in Canada, Quebec City. Located at the Auberge Amerik Hotel (adjacent to the Baguette et Cie coffee shop), the Genesis1 is being operated by a....
Malaysia’s Central Bank has chimed in with a couple of other countries to issue policy statements on Bitcoin at the beginning of this new year. Bank Negara Malaysia said in an announcement on its website that it would not consider Bitcoin as legal tender, nor would it take any steps to regulate it. “The public is therefore advised to be cautious of the risks associated with the usage of such digital currency,” the statement read. This strongly mirrors the policy set forth by an announcement from Singapore’s central bank just before Christmas. The ramifications of this announcement are not....