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: 

Fancy.com Accepts Bitcoin

Fancy Accepts BitcoinFancy.com accepts Bitcoin as payment. It’s a social photo sharing webstore and mobile app with cool modern and hipsterish gadgets, clothing, accessories and many other categories of products . The New York-based e-commerce site allows users to engage in socially oriented shopping through picture feeds and sharing. Users can purchase products that they see directly from the Fancy.com website, which acts as an intermediary between the consumer and the retailer. Paying with Bitcoin is simple. Visit the site here: www.Fancy.com

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Foundation Canada has received information that the regulations which still need to be drafted would most likely not be published before 2015.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/

LocalBitcoins New Features

Buy Bitcoins with CashBelow are some highlights from LocalBitcoins and the bitcoin world.

  • Secure your account with login guard
  • Quick sell: Cash out bitcoins faster and safer
  • Floating prices in cash trade: friendlier in bitcoin market fluctuation situations
  • HMAC authentication option recommended for API users

Secure your account with login guard

Login guard is a new feature for your LocalBitcoins user account. If you choose to turn on the login guard option you will receive an extra email confirmation for all login attempts from web browsers the site has not seen before. LocalBitcoins recommends turning on both two-factor authentication and login guard for protecting bitcoins in your wallet.

You can find login guard under your Account security settings.

Quick sell: Cash out bitcoins faster and safer

LocalBitcoins has released a faster and safer way to sell your bitcoins: Quick sell. The new feature is especially helpful when paying bills with bitcoin.

Quick sell goes through all matching buy advertisements from reputable traders on LocalBitcoins. It chooses the advertisement with the best exchange rate and then makes a trade request.

Floating prices in cash trade: friendlier in bitcoin market fluctuation situations

Usually the price for bitcoin is determined at the moment of opening a trade request. However this might not be very fair for local cash trade where negotiation and agreement for the meeting may take days during which bitcoin exchange rate may change radically. Now floating priceoption is the default for local cash sells on LocalBitcoins. When you have a sell advertisement for cash, the price is determined on the moment of trade finished (escrow release).

See floating price option on your local sell advertisement edit screen.

HMAC authentication option recommended for API users

For developers, it is now possible to access the LocalBitcoins API using HMAC authentication instead of OAuth 2. This new authentication method is more suitable and secure for your own scripts and non-distributed applications. We suggest to use it whenever possible.

Happy bitcoining!

LocalBitcoins staff

CaVirtex Bitcoin ATMs

CaVirtex ATMsCanadian bitcoin exchange CaVirtex took to social media on Tuesday to tease a little something our Canadian bitcoin friends might find exciting.

The company is apparently planning to deploy a small network of bitcoin ATMs in Canada. With little other information, the company posted two images on their official Twitter account.

The first image depicted a lone unit branded with the famous Canadian flag. The second, a series of units. Eight of them to be exact. Not a terrible lot more is known about the deployment of the network, thought he company did indicate that one of the units would be destined for Ottawa.

That’s no surprise, either. The machines appear to be manufactured by Ottawa-based BitAccess. The devices feature AML/KYC security measures, and also allow for two-way transactions. That means customers can either buy bitcoin with fiat, or sell their bitcoin in exchange for fiat.

To trade with CaVirtex sign up here: Register

Read more here: http://newsbtc.com/2014/07/29/canadian-bitcoin-exchange-cavirtex-teases-bitcoin-atms/

Bitcoin ATM in Regina Canada

Bitcoin ATM ReginaWhen it comes to Canada and ATMs, Vancouver is certainly king. But now, Regina is the latest city to receive its first-ever Bitcoin ATM, which was unveiled on Thursday at Triffon’s Pizza on Kramer Boulevard in Regina as well. Saskatchewan’s first Bitcoin ATM was launched earlier this year in Saskatoon, and there are plans for three more machines in Regina over the next few months.

CaVirtex Slashes Trading Fees!

3 BitcoinsCaVirtex TRADING FEES REDUCED BY OVER 50%!

The Bitcoin exchange business is rapidly growing around the world. To stay competitive CaVirtex are drastically reducing thier fees! Unlike other exchanges, they give you credit for 120 days of BTC volume, not just 30, so if you trade 100 BTC and 3 months pass, you would still qualify for our second fee level of 0.6%!  Fee structure is below.  If you don’t already have an account and want to take advantage of this killer offer, sign up here: CaVirtex Sign-Up

120 Day BTC Volume – Fee
Less than 100 0.75%
Less than 200 0.6%
Less than 300 0.5%
Less than 400 0.4%
Less than 600 0.3%
Greater than 600 0.2%

Create your account here: FREE Account

QuadrigaCX Accepts Gold for BTC

QuadrigaCXQuadrigaCX Logo, Canadian bitcoin exchange now accepts your gold bullion in exchange for bitcoin.  This is what they accept:

  • Any gold bullion (coin or bar) issued by the Royal Canadian Mint
  • Any gold coins or bars issued by the following mints: The United States Mint, The Perth Mint, Pamp Suisse, Credit Suisse, NTR Metals, Johnson Matthey and Engelhard.
  • If you have gold bullion issued by any other issuing authority, contact them prior to sending the bullion.
  • The gold bullion will be tested for authenticity

Within 48 hours of receiving your bullion, your account will be funded.

To trade gold for bullion or learn more, sign up here:  QuadrigaCX Gold Bullion Funding

CaVirtex Accepts Cash & Debit

CaVirtex Colourful BitcoinYou asked for it and now it’s here!  Through CaVirtex’s new partnership with Money Mart you can now take cash or use your Debit card to make a deposit into your CaVirtex account.  Money Mart only charges $1.99 for you to use this service.  To get started simply login into your CaVirtex account, select “Deposit Fund” from the left rail then proceed to the “Deposit CAD” area where you will select “In-Person Bill Payment” from the drop down menu of deposit options.  Below is a snapshot of the procedure and what to look for to create the invoice you will bring into Money Mart or InstaCheques.  If you don’t already have a CaVirtex account you can sign up for a FREE one here: Free CaVirtex Account

FOR IN-PERSON BILL PAYMENTS:

Cash Deposit with Money Mart Procedure

Vault of Satoshi Free Trading

 VOS Unlimited TradingVault of Satoshi is offering all customers, new or existing, free deposits and commission free trading on all crypto-currency buy and sell orders from now until Canada Day weekend ending on July 5th.  Might as well take advantage of this and pick up some coins for your portfolio.  Plus Vault of Satoshi has just added Interac Online as its latest funding option so that you can get your Canadian cash into their exchange instantly.  To take advantage of these 0% fees and commissions sign up here: Vault of Satoshi FREE Trading

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