“A new Canadian exchange launched this week, offering cheaper rates than the incumbent, and touting an advanced API. [..] The firm sent in two requests to FINTRAC, the financial services regulator in Canada, asking for a money services business (MSB) license, but the regulator’s current position is that no such license is currently needed for bitcoin. The company was refused, says Curry. However, this puts exchanges in a precarious position, because while the regulator may not have concerns, some banks do. Royal Bank of Canada closed Virtex’s account early this year because it didn’t have a license, and Curry had the same problem.”
http://www.coindesk.com/vault-satoshi-expands-canadian-bitcoin-exchange-market/
Related posts:
Winklevoss says Bitcoin valuation will top $40k, plays down Silk Road
Smart Light Bulb Doubles as Bluetooth Speaker
Montana Prosecutor Declares War On Pregnant Mothers Who Drink
Finns Draw Up Plans To Expel Greece From Eurozone
Prosecutors drop key evidence at trial to avoid explaining “stingray”
'Goldmine': NSA Vacuuming Up Millions of Text Messages Daily
Gold Is the Most Hated Investment You Might Want to Love
Don't Privatize the Afghan War—Just End It
Lyn Ulbricht: The Far Reaching Impact of the Silk Road Case
How Bitcoin Is Saving Lives in Venezuela
US Officially Resumes Funding For Rebel-Aligned White Helmets In Syria
Obama To College Grads: Reject Voices That Warn About Government Tyranny
Man With Down Syndrome Killed By Police Over $11 Movie Ticket
Fedcoats & Presstitutes Exploit Americans' Ignorance With 'Boston Massacre' Propaganda
Now That Syrian Policy is in Total Confusion, Guess What Obama Did Today