Bitcoin Forum

Bitcoin => Legal => Topic started by: high110 on May 21, 2013, 01:12:36 PM



Title: Canada easy on Bitcoins
Post by: high110 on May 21, 2013, 01:12:36 PM
Guys,

Looks like Canada may be Bitcoin friendly:

http://www.pcworld.com/article/2039347/canadian-regulator-takes-lighter-view-of-bitcoin.html

What do you think?


Title: Re: Canada easy on Bitcoins
Post by: jdbtracker on May 21, 2013, 02:51:46 PM
That is great news, the laws are a little different here than in the U.S. when it comes to currencies.

but that is good news, though i'm still a little concerned since we do have banks that deal with the U.S and they may have to comply with those regulations either way, so cut off bank accounts galore! Keep it secret! Keep it hidden... from the bank.


Title: Re: Canada easy on Bitcoins
Post by: agentbluescreen on May 21, 2013, 03:44:22 PM
Since most of us suffered huge losses as the result of the Bitcoin crash-devaluation last month, there is really nothing to regulate here. 80% of people who foolishly experimented with Bitcoin Over the counter Swap Derivatives (OSDs) recently have been robbed by the Bitcoin Pharaohs who got there's for $10.

There is adequate tracking of bank transfers in Canada to make it merely a pointless duplication to force Bitcoin Derivative Marketplaces to register as banking or credit institutions.