“The Register has seen a letter from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) which was sent to several prominent Bitcoin exchanges in the country, explaining they are exempt from strict money-laundering laws. US police used similar laws to freeze the accounts of Mt. Gox, the world’s largest Bitcoin exchange, last week after claiming it was operating as an ‘unlicensed money service business.’ But in a letter to the Canadian exchanges, FINTRAC confirmed the exchanges were not actually money service businesses and were therefore exempt from laws governing this type of firm.”
http://www.theregister.co.uk/2013/05/20/canada_welcomes_bitcoin_traders_fintrac_letter/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Samsung data center fire causes outage, errors on smart TVs, phones
Your Stocks and Bonds Are No Longer Your Property
The feds pay for 60 percent of Tor’s development. Can users trust it?
FBI Software For Analyzing Fingerprints Contains Russian-Made Code
Journal Explores Incentive For False Results In Lab Tests For DUI
Man Lists Home for Sale in Terms of Bitcoins
Texas Woman Jailed for Outing Narc on Facebook
Gmail app developers have been reading your emails
Obama on Zimmerman verdict: Trayvon Martin ‘could have been me 35 years ago’
Volcker Travelled as Chase Bank Official to Kuwait; Was Viewed as Federal Reserve Official
Ron Paul: Military "Cuts" - Don't Believe the Hype
Banks Squander Opportunity in Bitcoin
Google Now Offers End-to-End Encryption on Email
Which States Are Most Drunk on Wine Taxes?
Goldman Sachs Revenue More Than Doubles