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Title: [ANN] Bitcoinica is now a registered Financial Services Provider! Post by: zhoutong on April 21, 2012, 01:52:14 AM Press Release: https://www.bitcoinica.com/posts/registered-financial-services-provider (https://www.bitcoinica.com/posts/registered-financial-services-provider)
April 20, 2012 — Today we are announcing some highly anticipated news. Bitcoinica has completed its corporate reorganization and is now a registered Financial Services Provider, organized under the laws of New Zealand. Bitcoinica began as an experiment to help investors trade bitcoins with the advanced trading features seen in traditional forex markets. The response has been overwhelming and we are very pleased that we've been able to address this need. We recognize that it's important to operate in a transparent manner and meet all the requirements expected from a legitimate financial services organization. Therefore we have taken the necessary steps to become a registered provider of the following financial services: - Providing credit under a credit contract - Operating a money or value transfer service - Issuing and managing means of payment - Changing foreign currency - Entering into or trading on an exchange Interested parties can verify our registration on the public website of the New Zealand Financial Service Providers Register. We are also releasing our Terms of Service which formalizes our responsibilities and reinforces the standards of fair dealing Bitcoinica users have come to expect. Bitcoinica thanks our customers for your continued support and we look forward to serving you. Bitcoinica operates one of the most popular Bitcoin trading platforms, with advanced features such as margin trading, short selling and stop orders. Bitcoin users can use Bitcoinica to trade Bitcoins, exchange currencies and receive interests on deposits. Title: Re: [ANN] Bitcoinica is now a registered Financial Services Provider! Post by: Jointops420 on April 21, 2012, 02:02:16 AM Wow things are getting better all the time across the board. Good job Zhou, looks like a life of success ahead of you :)
Title: Re: [ANN] Bitcoinica is now a registered Financial Services Provider! Post by: Stephen Gornick on April 21, 2012, 03:55:44 AM Looking at the Terms of Service:
- https://www.bitcoinica.com/pages/tos I see: Quote The following describes the terms and conditions upon which Bitcoinica LP Searching NZ companies I don't see a "Bitcoinica LP". I do see a "BITCOINICA CONSULTANCY LIMITED": - http://www.business.govt.nz/companies/app/ui/pages/companies/search?q=bitcoinica&mode=standard But I don't see anything on Bitcoinica.com that mentions this variant. So either there is another organization involved, or the search results aren't correct (maybe a new filing hasn't been published by the agency perhaps) or the Terms of Service references the wrong entity name. Title: Re: [ANN] Bitcoinica is now a registered Financial Services Provider! Post by: zhoutong on April 21, 2012, 04:38:07 AM Looking at the Terms of Service: - https://www.bitcoinica.com/pages/tos I see: Quote The following describes the terms and conditions upon which Bitcoinica LP Searching NZ companies I don't see a "Bitcoinica LP". I do see a "BITCOINICA CONSULTANCY LIMITED": - http://www.business.govt.nz/companies/app/ui/pages/companies/search?q=bitcoinica&mode=standard But I don't see anything on Bitcoinica.com that mentions this variant. So either there is another organization involved, or the search results aren't correct (maybe a new filing hasn't been published by the agency perhaps) or the Terms of Service references the wrong entity name. It's here: http://www.business.govt.nz/fsp/app/ui/fsp/version/searchSummaryCompanyFSP/FSP207625/4.do?noReturn=true Bitcoinica LP is a limited partnership, which means that Title: Re: [ANN] Bitcoinica is now a registered Financial Services Provider! Post by: beckspace on April 21, 2012, 04:49:50 AM Great news! Gotta love kiwis. ;)
Title: Re: [ANN] Bitcoinica is now a registered Financial Services Provider! Post by: marcus_of_augustus on April 21, 2012, 05:16:31 AM Interesting, do you operate a NZ-based bank account or have any physical presence in NZ besides a mailbox? Title: Re: [ANN] Bitcoinica is now a registered Financial Services Provider! Post by: zhoutong on April 21, 2012, 05:45:47 AM Interesting, do you operate a NZ-based bank account or have any physical presence in NZ besides a mailbox? Yes, we will replace our bank account details very soon. Title: Re: [ANN] Bitcoinica is now a registered Financial Services Provider! Post by: matonis on April 21, 2012, 04:19:25 PM Zhou, congratulations on the news regarding New Zealand!
I announced it on the Forbes site: http://www.forbes.com/sites/jonmatonis/2012/04/21/bitcoinica-registers-in-new-zealand-for-bitcoin-margin-trading/ Title: Re: [ANN] Bitcoinica is now a registered Financial Services Provider! Post by: finway on April 21, 2012, 04:22:13 PM Congrats!
Title: Re: [ANN] Bitcoinica is now a registered Financial Services Provider! Post by: paraipan on April 21, 2012, 04:31:29 PM Title: Re: [ANN] Bitcoinica is now a registered Financial Services Provider! Post by: hazek on April 21, 2012, 05:09:24 PM Zhou, congratulations on the news regarding New Zealand! I announced it on the Forbes site: http://www.forbes.com/sites/jonmatonis/2012/04/21/bitcoinica-registers-in-new-zealand-for-bitcoin-margin-trading/ That's really cool! Title: Re: [ANN] Bitcoinica is now a registered Financial Services Provider! Post by: proudhon on April 21, 2012, 11:53:49 PM Congrats Zhou! Hopefully this news doesn't hurt my short position. ;)
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