Cryptocurrencies are a new asset that appeared only in 2009 with the first decentralized cryptocurrency – Bitcoin. The authorities of most countries haven’t managed yet how to develop its regulation, but there are already those who have introduced a strict prohibition against digital money, and those who have legalized cryptocurrencies in full.submitted by Stealthex_io to u/Stealthex_io [link] [comments]
Today we prepared for you the list of some of the most Bitcoin-Friendly countries, where blockchain technology is closely intertwining with the life of ordinary people.
The United States of AmericaFrom the very beginning, the USA has been one of the pioneers of building the crypto-friendly society. Not surprisingly the United States has the largest number of crypto users and the largest number of Bitcoin’s ATMs in the world.
Today a lot of blockchain startups are working in Silicon Valley like BlockCypher, ThunderCore, Blockstream, CipherTrace, Cryptanna, MakerDAO, Coinbase and many others.
CanadaCanada can boast of two cities that are considered as “Bitcoin hubs” Toronto and Vancouver. Cryptocurrency itself is regulated by laws against money laundering and terrorism financing in Canada.
In this country there is a very lively crypto community and many blockchain startups like Decentral, Vanbex Group were launched here. Nowadays thousands of organizations accepting BTC and other cryptocurrencies for payment are located in Canada.
The United KingdomThe UK is considered one of the world’s leading financial and innovation centers. Therefore, in this country, there are also numerous blockchain-related projects. The United Kingdom is sure that the popularization of a new payment solution is inevitable and now preparing for the massive adoption of cryptocurrencies. Nowadays you can easily order a pint of beer in some local pubs and pay for it using BTC.
Moreover, the Bank of England is closely monitoring cryptocurrency technologies and even asked the public to put forward ideas on how to improve their monetary constitution. Currently, Bitcoin is regarded as “private money”, where VAT is collected in the usual way from suppliers of any goods or services sold.
NetherlandsThis country can be proud not only for being Bitcoin-friendly but also for having its own “Bitcoin City” called Arnhem. Here, almost everything can be purchased using crypto coins, including gas, housing, bicycles, and even dental services.
At the legislative level, cryptocurrencies are not yet regulated in accordance with the Dutch Financial Supervision Act, and as a result, numerous blockchain startups and even the Bitcoin Embassy in the center of Amsterdam have occurred.
In addition, the country’s banking sector, including ABN AMRO Bank and ING, is increasingly considering blockchain technology as a way to improve their own system and reduce costs. Netherlands is a regular participant in conferences regarding the development of Bitcoin.
JapanMany people believe that this is the birthplace of the famous Satoshi Nakamoto – the creator of Bitcoin. The country is the first and only one that has a proper legal system regulating the trade in digital currencies.
Moreover, the authorities of this country are considering launching Japan’s own national cryptocurrency – digital Yen. Today Japan is of the largest cryptocurrency market.
MaltaIn February 2018, the Government of Malta decided to support blockchain-related projects, cryptocurrencies, and ICOs. That’s why many companies are considering moving to this paradise blockchain-island. At the same time, Malta is one of the leaders in online gaming and there are many implemented projects that connect blockchain technology with the gaming industry.
SwedenSweden is among countries that want to eliminate paper money in favor of 100% digital currency. The Swedish Financial Supervisory Authority (Finansinspektionen) has legitimized the fast-growing crypto industry by publicly announcing Bitcoin (and other cryptocurrencies) as a means of payment.
Sweden is home to numerous blockchain-based startups, including Safello, Starflow, Norbloc, Strawpay.
SwitzerlandHistorically, Switzerland has always been famous for the level of its banking system and banking secrecy, so it is not surprising that the authorities of this country didn’t prohibit the circulation of digital currencies.
This country has become a kind of “tax haven” for cryptocurrencies. That’s why many blockchain startups started here and organize the headquarters of their business.
EstoniaThis small country is also open to innovative technologies. The government implemented blockchain technology to the healthcare system, banking services and even management, allowing its citizens to be among the first to use municipal and state services via the Internet. With one of the highest levels of Internet penetration in the world, Estonia has a good opportunity to become cryptocurrency capital of Europe.
All the listed countries have demonstrated their hospitality to cryptocurrencies. But of course this is not the comprehensive list and as the crypto community will continue to grow the more countries will be ready to use the advantages of blockchain technology.
We will be delighted to know your thoughts on Bitcoin-friendly countries.
Hit your comments below.
Original article was posted on https://stealthex.io/blog/2020/05/22/bitcoin-friendly-countries/
https://preview.redd.it/0sj63r1cscf31.png?width=1024&format=png&auto=webp&s=710848a980e8f1dac2a931dec5a69974a3573a43submitted by Rajladumor1 to omgfin [link] [comments]
Wealthy businessman Eike Batista has been arrested by federal police on account of suspected money laundering, which they believe he achieved by trading Bitcoin (BTC) on his wife’s behalf.
The details of Batista’s arrest were reported by Cointelegraph Brasil on Aug. 8. Prosecutors reportedly found notes indicating that he had traded BTC for his wife, who is not currently being investigated. The Federal Prosecutor wrote:
"Although the suspect’s wife, Mrs. Flávia, is not being investigated, it is quite possible, given the evidence of such a usual means of money laundering that the suspect was using the wife's name and account to ensure concealment of the products or proceeds of crime.”Batista was reportedly arrested in the course of Operation Midas Secret, which was apparently backed by the TAG Bank owner Eduardo Plass. Fernando Martins, Batista’s attorney, apparently considers this arrest to be illegal.
The Federal Prosecution Service alleges that Batista and his employee Luiz Andrade Correia used one of Plass’s companies "to buy and sell shares in the domestic and international financial markets for the purpose of manipulating corporate assets." The two are also believed to have illegally traded on the Toronto Stock Exchange and committed fraud in relation to MMX, MPX and OGX stock trading.
The Attorney General’s Office further alleges that Batista and Correia illegally traded on underground stock exchanges, and the Brazilian Ministry of the Public said $800 million were transacted illegally.
Batista’s wealthAccording to the report, Batista was also arrested back in February 2017. Although he was released just two months later, Batista was accused of getting out of his 30 year prison sentence early by bribing former governor Sérgio Cabral in the amount of $16.5 million.
As noted in the report, Forbes previously listed Batista as the seventh-richest man in the world. In 2012, Forbes further named Batista as the richest person in Brazil, with an estimated net worth of a little under $15 billion. Batista apparently become wealthy in connection with oil, mining and energy operations, as per Cointelegraph’s report.
Money laundering through cryptoAs previously reported by Cointelegraph, two men in the United States recently plead guilty to laundering millions of dollars through cryptocurrencies as well as Western Union payments. The two reportedly sold controlled substances through a darknet website in exchange for cryptocurrencies and Western Union payments, which were subsequently laundered and turned into cash.
“Almost 1 year has passed since we won CoinAgenda Global in Barcelona and we have been working hard ever since! It will be a pleasure to present our latest accomplishments to the leading minds and opinion-makers in the blockchain and fintech industries gathered at this year’s CoinAgenda” (Jure Soklic, Hive Project CEO)
The Crypto Economy conferences were also a chance for Hive Project to catch up with another important figure from our early development, Michael Terpin. Founder of the CoinAgenda conference series, he was instrumental in Hive Project’s token sale success and has been our advisor ever since. It was Hive Project’s victory in Barcelona that helped pave the way to where we are now, and with the upcoming Hive Terminal launch, we took the opportunity to discuss our progress and roadmap with him in more detail.
Our CMO Domen Ursic discussing the Hive Project success story with BECON Blockchain director Nils Veenstra at the Crypto Economy conference in Amsterdam! His interview “Fireside Chat: A Year in the Life of an ICO” detailed Hive Project’s journey so far, from an up-and-coming startup, wanting to raise capital through a token crowd-sale, to a globally recognized brand.
Our team is in Bulgaria, visiting the Webit festival Europe Webit Congress! We are co-creating the future of global fintech industry and we are thrilled to see that financial institutions are following our path.
Our CFO, Ugur, is now in Amsterdam at Money 20/20, attending pre-scheduled meetings and spreading the word about the Hive Terminal!
Ugur Yildirim was a panellist at the roundtable named “WHERE IS THE VALUE POTENTIAL OF DLT DEPLOYMENT IN FINANCIAL SERVICES?”, helping to identify the best practices to date and discussing where financial institutions can look for inspiration. The Hive Terminal ranked high among the topics discussed both on and off stage at this great event in Belgrade, Serbia.
Hive Project has taken yet another momentous step towards global recognition as a future fintech leader at the Benzinga Global Fintech Award Ceremony here in New York, with our very own CFO Ugur Yildirim having just presented Hive Project on the grandest of fintech stages.
To quote our CFO, Ugur Yildirim, on stage at the Benzinga Global Fintech Awards Ceremony: “The Hive Terminal is a Bloomberg-like solution that will connect small businesses with investors on our terminal, helping them get the liquidity they need.”
Meetings were held with liquidity providers and we also presented the interactive demo of the Hive Terminal to the trading desks of several institutional investors. Ugur also met with cross-border payment system companies to explore partnership options. In terms of the business, we could not be better positioned now, and our time in New York has already had a lasting impact.
Our Platform Lead, Gal Jakic, speaking about Hive Project and our invoice financing solution at the Balkan Business Analysis Conference 2018 in Nova Gorica, Slovenia, our first target market.
Meetings were held with liquidity providers and we also presented the interactive demo of the Hive Terminal to the trading desks of several institutional investors. Ugur also met with cross-border payment system companies to explore partnership options. In terms of the business, we could not be better positioned now, and our time in New York has already had a lasting impact.
From an award-winning ICO to a global brand - a strategic communication overview!
Our CTO, Dejan Jovanovic, was invited to attend this prestigious conference in Belgrade, Serbia. The conference is the go-to event for academics, researchers, and industry professionals presenting new research on all practical and theoretical aspects in the field of ICT and their applications in a range of business and research fields. Dejan was asked to present his expertise on blockchain and disruptive systems.
Hive Project CMO, Domen Ursic, is visiting Dubai's World Blockchain Forum, discussing the future of industry with some of the brightest minds in the business.
Our co-founder and CTO, Dejan Jovanovic, will be a panellist on a discussion titled “How to Empower Yourself with Insight to Find Future Unicorn in Today’s Various Blockchain Projects”. Dejan will take this opportunity to go into more detail about the role to be played by Hive Project in the future of the global fintech industry, and precisely why we are set to revolutionise the way small businesses get liquidity.
With over 2,500 in attendance, Crypto Summit brought together global influences, policy makers, investors and entrepreneurs to lead an open dialog and shape the future of crypto. With Jure Soklic, Ugur Yildirim and Domen Ursic all there, we were able to maximize the number of meetings we held and continue to push on.
After Token2049 ended, we were invited, as the only fintech company past the ICO stage, to present our success story to Hong Kong’s flourishing blockchain community at the EuroBlockShow event. The crowd was thrilled by our long list of accomplishments — from winning at CoinAgenda Global to delivering our DEMO platform and getting such important business deals in place so early in our development.
The largest digital asset event in Asia, TOKEN2049 was packed with over 1,000 attendees, and the meetings we had there promise to yield great rewards once we have our platform launched.
"Our objective is to change the way invoice financing is done, and we can only do that if we deliver the best product, and with the best business strategy to back it up. We have consistently delivered on all our milestones and, despite punishing and unrealistic deadlines, we intend to continue matching these high standards. The only way to do that is to remain laser focused on what matters — the product itself!" (Jure Soklic)
"I was caught in the elevator by a journalist from 2100 News, and so took the opportunity to bring the Turkish and global public up to date with what we’ve achieved." (Domen Ursic)
We were among the leading names in German and global finance, old and new, to discuss the future of blockchain in the industry. We were also of course pleased to note that many agreed with Ugur’s prediction that we would be the market leaders in our field within the next 5 years!
"Our development team has been working around the clock to provide small businesses around the world with a solution for their liquidity needs — and we have shown that we mean business. Not only have we met another milestone, we are going one better and over delivering on our promises! It therefore gives me great pleasure to announce that the demo version of the Hive Project Platform will be ONLINE for small businesses, investors and our powerhouse community to see on 21st DECEMBER!" (Ugur Yildirim)
"We have now agreed on the full integration of our platform into the system of a leading regional ERP — covering the Central and Eastern Europe region and, in our view, the most exciting piece of news so far — RUSSIA! This mind blowing partnership will fully automate access to our platform for SMEs in the region and give SMEs the option to get funding for their invoices with just a few clicks." (Ugur Yildirim)
Just 3 months after winning CoinAgenda in Barcelona, we are back among other world-class experts and cryptocurrency founders, executives and traders. And it gives me a great pleasure to unveil our PROOF OF CONCEPT — a huge step forward in transforming invoice financing and creating long-term value for our contributors.
We are happy to announce that Hive Project won the ICO and Startup Competition at CoinAgenda, the Bitcoin & Digital Currency Investors’ Conference in Barcelona.
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30 Day Volume / Trade FeeWith the addition of four new digital currencies, a new unlimited trading plan, and crypto-to-crypto trading capabilities (very soon!), it's time we update our fee schedule. Our fees have always been competitive, and we intend to keep them that way! But they've been out of date relative to all the new currencies and features we've been bringing on board, so we're updating them to be based on equivalent USD value traded. The new schedule can be seen below and becomes active at the same time as our Unlimited Trading Plan, on Tuesday, Feb. 18th.
0-$5000 / 1%
$5000-$25000 / 0.9%
$25000-$50000 / 0.8%
$50000-$100000 / 0.7%
$100000-$250000 / 0.6%
$250000-$500000 / 0.5%
$500000-$1000000 / 0.4%
Over $1000000 / 0.3%
|How does your company plan on staying competitive with other local exchanges coming out? Any plans on making an app?||The company was started by Mike and Ryan, crypto-enthusiasts who saw problems in the marketplace when dealing in cryptos. They wanted an exchange that had a strong support team, legal visibility, operated somewhere where you could trust your money and had strong security - so in short they built it! We expect really big things for VoS and do indeed intend to be competitive with other exchanges, and yes, that does include building an app - we're currently exploring options in that field but we feel it crucial to take our time in doing that and put security first.|
|Why is it important for bitcoin companies to donate to charities? Or people to donate with cryptocurrency? Just wanna say thanks for being in the btc community and helping it grow and spread it around. Is there a lot of pressure on you now that you got your MSB? Any pressure from banks or government on how to behave?||As for Charity we just feel its the right thing to do, I've always been a strong supporter of charities in my daily life and I brought that forward to VoS and the team agreed it made sense to gather up some funds for the Canadian Cancer Society given that April is their big fundraising month. On a grander scale I think it's important for cryptocurrencies to play a positive role in the world, let people know what we are all about, there is a lot of negative stigma about cryptos, some people say it's just kids "printing money", but it's a lot harder to say that when you're positively changing the world!|
|There's not any more pressure on us now than there was before - in fact I would say the MSB has taken some of the pressure off. We instead hold ourselves to the same laws and scrutiny as any financial institution would have to, and we feel this is best for our users and this sector as a whole. Getting the MSB let us know we had done everything right so far, and being in a new and evolving industry it's not always too clear if you're taking the right steps. The MSB is a checkmark that says "Hey you guys are as legitimate as you say you are" and we'll continue to hold ourselves to what ever rigorous standards we can (even when we don't need too). As far as external entities like Banks and Government - I think they are happy to see we have our MSB, I think it makes them more comfortable with the field in general and more willing to work with us. We recently met with our Member of Provincial Parliament and are setting up meetings with our Member of Parliament, and our Minister of Finance so they can see our operation here! The MPP certainly loved what we've got going!|
|That was a fast reply. Thanks for the response, you guys always been good with customer service :p . And thats great Mike and Ryan stepped up to be the ones to do it, it's a really much needed addition to the Toronto bitcoin scene.||Oh man if Timmies was a payment I don't think Canada would need cryptocurrencies at all! Timbits everywhere! We love Tim Hortons - we usually start our Monday's with group coffee and donuts! So we are never opposed Timmies if you are dropping by for a visit :P (Compliance disclaimer: Timmies is not a valid payment method, just a staple at all Canadian meetings)|
|We also feel the importance of charities, especially with the nature of the bitcoin community always being a giving one. I hope you guys see good results n help the bitcoin image. We want to come visit you guys sometime, do you accept Tim Hortons as payment? :p.|
|The charity that you are donating to, do they accept btc or will you be converting it to fiat?||We'll be convert it to Fiat.|
|Any plans on an Android app?||We are looking into this, no formal timeline, but we're certainly exploring it!|
|It would be great if the volume would increase, can you comment on what is the strategy for getting more costumers?||We are actually making a big push this spring in regards to our volume, including launching a highly competitive affiliates program that expect will grow our volume a great deal.|
|Any chance on improving the charts? (Or being included in bitcoinwisdom)||We're always happy to take feedback on our charts, let us know what you want to see! As for Bitcoinwisdom, we've reached out to them multiple times, and added all the API support they need - just waiting on them to hopefully add us!|
|It currently takes ~3 days to get funds added to the balance, I presume that is mostly for security and because banks suck, are there plans to reduce this waiting time?||We're looking at adding instant online debit transactions, no formal timeline on that yet but we are sure it will be great for our customers!|
|Glad SonOfAragon asked those questions so I don't end up repeating them and thanks for your reply Adam. However can you give us an idea of when you plan to launch the affiliates program/make the big push? If I sign up for an account, I'd probably want to beat the rush.||We're actively working towards our affiliate program and our intention is to have it sometime this spring!|
|As someone who is completely ignorant of all things internet currency. can you please tell me how a beginner would go about getting into investing? (Lets say I have $10k of disposable income currently, would you suggest investing it all in bitcoin?)||Hey Buildingdreams4,|
|That's a pretty hard question to answer, and so I can't give you an official Vault of Satoshi answer but I can give you a personal opinion. So please note this is my two cents and nothing VoS official.|
|Personally I have some experience in day trading and that's the best way to make money in such markets - however that's the kind of situation where you have to take risks, actively watch the market and only ever trade with what you have to lose (not only to avoid loss but also to make sure you are willing to take the level of risk needed to make strong returns.) I'd highly recommend learning about Forex trading before you dive into this.|
|That being said the Bitcoin community still feels strongly that their currency value will rise, subject to merchant adoption, legal/political landscapes and a number of other factors but I can't really comment on that as it is a real challenge to predict; there is also a great deal of merit to a number of altcoins with unique value - but just make sure you research and make informed decisions. Don't take anyone's advice at face value (mine included) research and invest where you feel comfortable.|
|What does vault think about VOS bitcoin atms? What can we do as customers to help you guys make this site better?||As far as what customers can do - simply share the love! Tell your friends about VoS and always feel free to reach out to is with what you want to see on our site.|
|What about a physical location for vault deposits and verifications?||We are currently examining new infrastructure opportunities that would allow us to accept physical deposits in more locations and we hope to have more information about that soon!|
|How does your reporting with with CRA?||As for the CRA reporting I'm not sure what your exact question is, but as a registered business we report to the CRA in a typical fashion.|
|Is there any way to shorten deposit times? I'm super impressed that I can pay you like a bill directly from my bank account, but I'm bummed about how long it takes. If I send money to my vos account on a Thursday, I may not see those funds until Monday or Tuesday. If the exchange is open for trading on weekends, how about processing deposits as well?||Hey Jay.|
|Also, what is done with the confidential info people upload to become verified? is it deleted? if it's kept on file, is access to it restricted to certain employees?||We're currently working on a system that will allow immediate deposits via online debit! No formal time line yet but that will indeed make things much quicker!|
|Keep up the good work! Thank you.||As for confidential information, if you have ever made a financial transaction on our website then we are required by law to keep a copy of that information. We take this responsibility very seriously, this information is encrypted and stored securely and is most certainly restricted access!|
|That's cool! Awesomesauce! I'm looking forward to it! Do you know if it will be limited like QuickBT (.2 BTC) or if there is some kind of daily limit? Also: when trading doge to btc I swear it took me half an hour to figure exactly how many doge I could buy with my btc including the fee. And I did it all wrong. I still have like .00066 btc left in my account which I guess is forfeit to the ether... Is there any way to put a helpful calculator on that page that figures it out for you???||As for your other question, as Xangelo said, we are working on improving the layout of our coin to coin system to make it less complicated. Being one of the first major exchanges to offer any coin to any coin means there is going to have to be some tweaking while we find out what the marketplace likes! But we're always open to feedback!|
|Would you rather fight a horse-sized duck or a hundred duck sized horses? Please elaborate. Feel free to answer individually.||If there is anything that years of video game playing has taught me it's always pick the bigger monster over a ton of little ones! A hundred duck sized horses could quite quickly surround and nip and kick from all angles. Where as I feel that whilst a horse-sized duck would be absolutely terrifying my odds are better as I can always keep it in front of me (and perhaps distract it with breadcrumbs)|
|Also do you guys have any plans to change the buy/sell mechanic? I find its way too easy to accidentally make a buy order when you meant to make a sell order.||As for the buy/sell mechanic it is something we are actively implementing and expect to launch in a couple weeks! Will make it easier to keep that straight!|
|My question: To be honest I've been using CaVirtex.How* would you say yours is better?||We stand by our service as we are sure they do theirs, but at the end of the day it's about what better suits your needs. At the end of the day competition makes the market better for everybody!|
|Specifically, I would like to know what the nature of their cooperation and level of engagement is. Do they provide VoS with the absolute minimum of services as they would with any other business? Are they accommodative to specific VoS needs and requests related to crypto-currency specific challenges? Are they mutually active in developing services and infrastructure to support VoS/crypto-currencies? Are they taking a leading role in facilitating the necessary changes to support this new industry and growing public demand? Are you provided with a liaison to facilitate a closer working relationship?||That being said when we did work with them they were fantastic, very supportive, and loved our business; the local branch went to some great lengths to help with our unique challenges and we certainly hope we can work with them again in the future.|
|Thanks for the reply! I feared as much having read about Cointrader in Vancouver being cut off by BMO in February. If I can follow up, how are your banking needs currently being met?||We're currently actually streamlining our financials and will have more announcements on this soon. New partnerships are opening up doors to new payment methods and currencies and we're excited about that.|
|Are you planning to offer other services with altcoins? or you want to keep it solely as an exchange?||We are exploring services beyond just exchange services - but we have no formal timelines on them yet! We'll be sure to let folks know!|
|Are you operating a full or fractional reserve and how much liquidity do you have available if tomorrow all clients wanted to withdraw all their funds?||We are a full reserve exchange. We do have our holdings divided between our hot and cold wallets and top our hot wallet as it gets low. But we do have all the BTC we claim to and are actively working on a Proof of Solvency tool to verify this to users.|
|Which altcoins do you see as strongest going forward?||Anything that has a unique value proposition and a strong community has the ability to go places but it's pretty hard to gauge these in advanced. We expect great things from the coins we've added/intend to add over the next month, which have all been announced.|
|Good to know Yubikey's available, thanks xangelo. Maybe one of your execs can chime in on the qualifications needed to join your verification team but that has me wondering...if a customer opens an account with VoS, can they still be hired, then close their account of course, or is that an automatic disqualification? By the way I didn't see a careers section on your site, are there plans for that once volume and I guess revenue increase?||Just because you have an account with us, does not mean that you would be barred from applying for a job.|
|Currently we don't have any openings but when we do we'll be posting them to our website and all current positions would be located at our Brantford office.|
|Our verification system was designed by our exec team and our compliance officer and aided by our legal team; and our support staff handle the verifications. (Wasn't sure what you meant by "verification team") as for requirements for any opening, we'll be sure to post them with up coming jobs! Thanks for your inquiry though!|
|Thanks for clearing that up, I appreciate your thoroughness.||Yes sorry, I was just speaking about FinCen to someone else before replying to this. I did mean Fintrac and I've edited the post!|
|I don't want to draw this exchange out too much but what puzzles me is your statement about FinCen compliance. If you're currently not accepting US customers, why would FinCEN compliance even be relevant? Let's say a customer lives in Canada. Wouldn't you simply have to comply with FINTRAC regulations, seeing as that's an a Canadian agency? And one other thing. Does Vos report transaction details to the CRA to meet fiscal obligations?||As for CRA reporting I can not comment on that, however we follow all legal requirements of a financial institution dealing with proper reporting.|
|How does the US IRS deal effect things on your end? did this announcement open the door back up for USD wire transfers?||The IRS statement actually doesn't change to much for us, FinCEN and other entities still consider it as currency - we're still actively looking into US options and moving forward on some with our legal team.|
|Do you see cryptocurrency status changing in Canada as a result of the US ruling? Do you have any indication of the direction that the bureaucrats will take?||We have met with our Member of Provincial Parliament, are meeting with our Member of Parliament and are having a meeting with the Minister of Finance arranged to continue to advocate on behalf of cryptocurrency in Canada.|
|From everything we've been hearing, we're optimistic about Canada's role in the future of Cryptocurrency, people have been very forward thinking and accepting here!|
|Disapointed you're getting ride of the free cash-out by cheque. And do you plan to have some sort of automated EFT withdraw ? you allready have my bank account into. Write now it would seem simpler to move my BTC to cavirtex when I'm ready to make a withdraw to my bank account, as I can do it from the website. What am I missing here ? thanks.||We are rolling out a number of new payment methods shortly that will make withdrawals easier for our clients.|
|Hey guys, thanks for doing this AMA. You were my first exchange, and gave me a warm welcome to the world of Cryptocurrency (free trading through Reddit promo, invited me for Doge cake)||I've actually had the pleasure of talking to some reps from the MintChip program - we kept a careful eye on it but I know that the Mint is selling it off to private enterprise. While it is in a different space from us we are always looking at the evolving landscape of digital money and what can be done to promote that in Canada.|
|I was going to ask about your stance on MintChip, the Canadian government's digital currency program, but I just read they were looking to sell it off! Has there been any interest at Vault of Satoshi about this technology?||While I don't think there is any direct partnership opportunities at this time it is always something on our radar and I think that MintChip was an interesting hardware development and it was great to see a federal institution being so forward thinking!|
|Can you tell us when and if you'll be able to operate as an exchange with USD?||We currently do accept USD, we just can't accept it from US citizens or institutions.|
|That being said we are glad to announce we have identified our US re-entry strategy and are moving forward to launching in a few states first. We have no formal timeline on this yet, but it's a big step in the right direction.|
|Quick question, if in the future I choose to close my account with VOS, will all my info and history also be deleted from your servers?||As per government regulations if you have ever made a financial transaction we are required to keep your information on file for seven years.|
|If you have not made a financial transaction you may email us with a request to delete your information. Please note that the request will be kept on file.|
|Hey guys, Are there plans to incorporate google authenticator? Thanks and keep up the good work!||User we already support Google Authenticator, YubiKey, SMS, and Email for 2FA and will be adding Authy and Gemalto soon!|
|Is your $99 per month Unlimited Plan in USD or CAD? Please state it on your website.||It is currently billed in USD as that's more widely accepted with our international audience.|
|When will Darkcoin, Worldcoin, Mintcoin, Cryptogenic Bullion, and Maxcoin be added?||Those coins will be added in the next few weeks! We're pretty excited about that!|
|Hi there! I have a level 2 VOS account. I'm not really comfortable filling out the form for level 3. Currently I have to use QuickBT or an ATM to get BTC - which sometimes I turn into DOGE. (THANK YOU FOR ADDING BTC<->DOGE! you guys are lifesavers!!)||We're actually working on adding an instant online Interac payment system, still no formal timeline but it's in the works. As for email transfers from BMO, BMO has come out and said they aren't working with businesses that operate in cryptocurrencies and so we can't accept funds from them on anything that would require us to have a BMO account or registration there. But, we can accept Pre-authorized debit and wire transfers from accounts there! Also feel free to email me about any concerns you may have about the level 3 account and I'll see if can't reassure you! (firstname.lastname@example.org)|
|Just wondering why there is no support for an Email Transfer from BMO. Or online Interac payment, as that's the only reason I use QuickBT.|
|Would you rather fight a horse-sized duck or a hundred duck sized horse. I prefer horse sized ducks!||What a kamikaze!|
|Don't be so sure.||YES! Take that Angelo! Horsefish!|
|'disabled login' Another word, the exchange is down. I've been trying to login and access my funds for the past 5 hours.||We're back up now!|
|No need to be alarmed though people; this is just a result of VoS being pro-active with patching up the latest SSL security bug (heartbleed).||Ah yes, that is indeed a side-effect of the patch. While our systems weren't directly effected a load balance server hosted by Amazon would have been so to be better safe than sorry we've got them patching it and we are rolling over to new SSL certs! Always better safe than sorry!|
|I can see your exchange being the top exchange in Canada. Great work! I will come up to brantford one day after my exams and bring you guys some timmies, depending on the weather it could be coffee or ice caps, or just let me know ha :)||As for the UI we're currently giving it an overhaul on our internal servers and hope to have more info on that soon!|
|I know it's not much but I just sent 6000 Dogecoins :)||Every bit helps :)|
|Whats the yearly revenue and profit of your company?||Sorry, as a private company we are going to abstain from answering that one - but even if we wanted too, we couldn't; we've only been around for six months so far!|
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