“Germany has become the first country in the world to officially recognize and define Bitcoins as a financial instrument in the German Banking Code. A move like this by Canada would set clear cut rules and standards to apply to Bitcoin startups and remove a great deal of the regulatory uncertainty. This would open the taps to American venture capital, eager to get early mover advantage while the various states and Federal regulatory authorities get their act together across the United States. The universities of Toronto and Waterloo are renowned worldwide for their advanced computer science programs, making them the perfect ground for finding employees in the Bitcoin space.”

http://www.itbusiness.ca/blog/bitcoin-could-turn-canadas-cities-into-hubs-of-digital-currency-startups/44543

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