BitX Bitcoin ATM Unveiling

BitYou are invited to attend the exclusive launch of Toronto’s NEWEST, MOST ADVANCED and EASIEST TO USE Bitcoin ATM **with the LOWEST FEES in the city

To celebrate, we are hosting a night of:

  • Special Guest Keynote Addresses and Q&A Panel
  • Unlimited access to the brand new BitX machine (with zero commissions!) and free support
  • FREE BITCOIN for attendees (first 30 sign ups)
  • Beer and Food on us

Located in the heart of King West and inside one of the fasting growing start-up spaces in Toronto, PROJECT OWL is the new home to the “Fighter-Jet of Bitcoin ATM’s” – BITX

Whether this is your first bitcoin purchase or you’re already a pro, join us at Toronto’s premier co-working and events space – PROJECT OWL – for a night of BEER AND BITCOIN

NEW BITCOINERS: Finally learn how to buy, sell and use bitcoin from real experts.  Local bitcoin pros will hold your hand through the process of buying Bitcoin and loading up your first bitcoin wallet.

EXPERIENCED BITCOINERS: Buy (and sell) unlimited bitcoin for absolutely no fees or commissions!  Socialize and enjoy a beer with some of Canada’s leading bitcoin entreprenures and thought leaders.  BitX is the most frictionless and least intrusive ATM on the market.

Highlights & reasons to come:

APRIL 22, 7:30pm – 10:30pm @ PROJECT OWL (20 camden street, 2nd floor)
  • Special guest Keynote Speaker (you won’t be disappointed)
  • Q&A panel with local experts to discuss bitcoin tech and answer ALL OF YOUR QUESTIONS.
  • First 30 people to sign up (and show up at the door) get FREE BITCOIN starting at 7pm.  Seriously. 
  • Be one of  the first to try out the worlds’ most advanced and least intrusive Bitcoin ATM.  Our BitX machine is gorgeous and has a super simple and intuitive user interface.
  • ZERO commission fees to buy/sell your Bitcoin!
  • A great night of socializing with other Bitcoiners and entreprenures at Project OWL
This night is without a doubt the best time for you to buy (and sell) Bitcoins for spot price (0% fees) and have a great night of fun discussion while you’re at it!

CoinFest Vancouver

BTC LogoBetween February 20 and 22, the fourth edition of CoinFest will come to two dozen cities around the world, up from three cities in 2014.

In Vancouver, a cryptocurrency conference will take place at the Sandman Hotel Vancouver City Centre (180 West Georgia Street) on February 22. Speakers and panel discussions will cover topics that are standard fare for Bitcoin conferences, such as new projects, technological developments, and price. (One bitcoin was valued at around US$220 as of February 10.) On February 20, Decentral will present an Intro to Bitcoin event.

Bitcoin Meet-Ups in Canada

Bitcoin MeetupsToronto : http://www.meetup.com/Bitcoin-Toronto/ 

Niagara Falls: http://www.meetup.com/Niagara-Bitcoin-Meetup/ 

Ottawa : http://www.meetup.com/Ottawa-Bitcoin-Meetup/ 

Vancouver: http://www.meetup.com/bitcoinvan/ 

Montreal: http://www.meetup.com/Bitcoin-Embassy/ 

Saskatoon: http://www.meetup.com/Saskatoon-Bitcoin-Meetup/

Winnipeg: http://www.meetup.com/Bitcoin-Winnipeg/ 

Calgary : http://www.meetup.com/Bitcoin-Calgary/

Halifax: http://www.meetup.com/Halifax-Bitcoin-Community/

Edmonton: http://www.meetup.com/BEMU-Bitcoin-Edmonton-Meet-Up/ member: 

FINTRAC Confirms BTC Rules not in Force

fintrac-logoAs expected, FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) has confirmed that changes to the Proceeds of Crime and Terrorism Financing Act included in Bill C-31 will not cover individuals or businesses that use virtual currencies for buying and selling goods and services.

The statement also specifies that “the changes will come into force once regulations are published in the Canada Gazette, meaning that they are not yet in force.

Through informal discussions with various regulators, the Bitcoin Foundation Canada has received information that the regulations which still need to be drafted would most likely not be published before 2015. These clarifications come two weeks after the Bitcoin Foundation Canada’s Bitcoin Legal and Regulatory Update and a few days after the BFC published a report entitled “Bitcoin and the law”.

Once published, the regulations should clarify exactly which types of business models would be covered by the changes. The recent FINTRAC comments confirm that virtual currency exchanges will be covered by the existing rules of Canada’s anti-money laundering and anti-terrorist financing regime.

The statement doesn’t mention any other Bitcoin-specific business models being affected by the changes of Bill C-31. However, according to Jillian Friedman, “depending on the business model and the scope of pending regulatory amendments, a Bitcoin ATM operation may be considered a money service business.”

Moreover, discussions with various government representatives have led us to conclude that no sweeping new laws or regulatory regimes such as Ben Lawsky’s “BitLicenses” are being considered in Canada at this time. This reinforces our belief that Canada could assert itself a major international Bitcoin hub.

These clarifications stand in contrast to a 2013 Ministry of Finance memo highlighting Bitcoin’s risks recently released to the media and should be interpreted by the Bitcoin community as a reasonable attempt by the government to mitigate risks of money laundering.

Clearly, the opinions and attitudes of Canadian authorities are evolving as their knowledge of Bitcoin increases, thanks to the efforts of Bitcoin advocates all across Canada.

Link to article on BitcoinFoundation.ca: http://btcfoundation.ca/canadas-financial-regulator-fintrac-confirms-new-bitcoin-rules-not-yet-in-force-and-wont-cover-individuals-and-businesses-that-use-bitcoin-for-sales-and-purchases/

Buying Bitcoin Canada Facebook Page

3 BitcoinsWe now have a Facebook page so that you can Like, Share and Engage with us.  Check it out at: https://www.facebook.com/buyingbitcoincanada

If you ever have any feedback please feel free to leave us on this blog or write on our Facebook wall.  We will do our best to respond in the timely manner and address your questions and comments about bitcoin and other crypto currencies.

Bitcoin Expo Toronto

Bitcoin Expo 150x150Toronto will host its first Bitcoin Expo on April 11th-13th at the Metro Toronto Convention centre.  Speakers include Joseph David, CEO of CaVirtex.com (major Canadian exchange) and Rodolfo Novak of Coinkite.  Learn more at BitcoinExpo.ca