Jumping ship from BTCTC to Havelock is ridiculous as they are in no better position with respect to Canadian exempt securities regulations (
National Instrument 45-106).
Everyone panicking is throwing money away, which I'm sure is pleasing to the speculators among us. Stay calm, there really is no urgent need to do anything.
Lightbox/James Posts I would say they are a bit ahead to be honest lightboxtechnologies and Canadianbitcoins included on NS 45-106 might ask James later that is a good question.
https://www.havelockinvestments.com/faq.phphttps://bitcointalk.org/index.php?topic=135035.msg1441581#msg1441581https://bitcointalk.org/index.php?topic=135035.msg1438390#msg1438390https://bitcointalk.org/index.php?topic=135035.msg2665856#msg2665856How do I know you're a legitimate business?
We have physical assets, an office, a phone number and operate under an Incorporated Canadian Business. We have been mining Bitcoins since 2009 (when CPU mining was cool) and are not hiding who we are. Transparency builds trust. Trust builds customers.
Always! Gotta keep my employees busy (and paid! lol)
My "day job" is owner of
http://www.lightbox.ca we do all kinds of web development, IOS development, etc. Need something done? Feel free to PM me or email
james@lightbox.orgCheers,
James
____
Back to nomming shares on no real fundamental changes to the company heres something for your reading
http://en.wikipedia.org/wiki/MintChipI'm going to use Blanket Law
http://www.albertasecurities.com/securitiesLaw/Regulatory%20Instruments/3/Blanket%20Order%2031-505%20-%20Registration%20Exemption%20for%20Trades%20in%20Connection%20with%20Certain%20Prospectus-Exempt%20Distributions/3426188-v1-ASC_Notice_-_February_12__2010.pdfRecordkeeping
To demonstrate compliance, market participants will need to keep records demonstrating that
they met the conditions of this exemption when they sold a prospectus-exempt security.
Evidence of the purchaser’s risk acknowledgement should be kept for a reasonable period of
time. In NI 45-106, the equivalent prospectus exemption risk acknowledgement condition
requires that the risk acknowledgement be kept for 8 years.
The market participant should also retain evidence of communications between the market
participant and the purchaser. This will serve the market participant well from a compliance
standpoint and if a dispute ever arises between the market participant and the purchaser.
Legals grey while I do not consider it as an exemption I do think no rules besides bitcoin being taxable have been established yet
http://www.cbc.ca/news/business/story/2013/04/26/business-bitcoin-tax.htmlInvesting gains
When it comes to trading BitCoins for profit, the tax man says there are tax implications there, too.
"When BitCoins are bought or sold like a commodity, any resulting gains or losses could be income or capital for the taxpayer depending on the specific facts," ruled the CRA.
That section is covered in paragraphs nine through 32 of the CRA's section IT-479R, Transactions in Securities, "which provide general comments for purposes of determining whether transactions are income or capital in nature."
Sorry for the length hope that answers a few of the regulatory questions lets get back to topic
