Topic: Canada's New Bitcoin Law (Read 2462 times)
I Can't find another source for this
Canada just passed the first-ever national law regulating Bitcoin.
I have been predicting for years that the US and Canada will not ban Bitcoin outright, but seek to regulate it and raise barriers of entry to new companies.
Regulation = control.
The main targets for regulation are exchanges, whereby governments can track inbound and outbound buy/sell orders to compile national databases of Bitcoin owners.
The Moriarty Bitcoin Network will NOT BE COMPLYING with any of Canada's new regulation!
Dr. Michael Moriarty
Canada just passed the first-ever national law regulating Bitcoin.I have been predicting for years that the US and Canada will not ban Bitcoin outright, but seek to regulate it and raise barriers of entry to new companies.
Regulation = control.
The main targets for regulation are exchanges, whereby governments can track inbound and outbound buy/sell orders to compile national databases of Bitcoin owners.
The Moriarty Bitcoin Network will NOT BE COMPLYING with any of Canada's new regulation!
Dr. Michael Moriarty
I have been predicting for years that the US and Canada will not ban Bitcoin outright, but seek to regulate it and raise barriers of entry to new companies.
Regulation = control.
The main targets for regulation are exchanges, whereby governments can track inbound and outbound buy/sell orders to compile national databases of Bitcoin owners.
The Moriarty Bitcoin Network will NOT BE COMPLYING with any of Canada's new regulation!
Dr. Michael Moriarty
if you live in Canada or the U.S.?? and how your attitude or the people there against this law?? whether there is a real action from you or maybe some sort of institution where you get together and talk about bitcoin? and whether the agency has a strong legal?? sorry for this question. just wanted to take reference from other countries
I did an interview with Michael Moriarty in May.
In that interview, I claimed he was a good guy on the up and up....
Now I'm not so sure.
In that interview, I claimed he was a good guy on the up and up....
Now I'm not so sure.
he is not..
his name is a word play. just like pirate@40
pirates steal from people on the intrnational waters...
moriarty is a (sherlock holmes character) that is a notorious criminal with a network of criminal enterprises..
i knew this months ago, and even recently he has proven no clue about business, or FIAT regulation or wanting to obide by the law. h smelled fishy to me for months, and i stayed far far away from any of his businesses.
Did you see the public notice at http://antilyze.com?
I did an interview with Michael Moriarty in May.
In that interview, I claimed he was a good guy on the up and up....
Now I'm not so sure.
In that interview, I claimed he was a good guy on the up and up....
Now I'm not so sure.
he is not..
his name is a word play. just like pirate@40
pirates steal from people on the intrnational waters...
moriarty is a (sherlock holmes character) that is a notorious criminal with a network of criminal enterprises..
i knew this months ago, and even recently he has proven no clue about business, or FIAT regulation or wanting to obide by the law. h smelled fishy to me for months, and i stayed far far away from any of his businesses.
So I don't get it... How do we stop him? We just go about our lives and let him rip off everybody who bumps into his shitty sites?
What do you think will happen to Just-dice now after the new law?
I did an interview with Michael Moriarty in May.
In that interview, I claimed he was a good guy on the up and up....
Now I'm not so sure.
In that interview, I claimed he was a good guy on the up and up....
Now I'm not so sure.
he is not..
his name is a word play. just like pirate@40
pirates steal from people on the intrnational waters...
moriarty is a (sherlock holmes character) that is a notorious criminal with a network of criminal enterprises..
i knew this months ago, and even recently he has proven no clue about business, or FIAT regulation or wanting to obide by the law. h smelled fishy to me for months, and i stayed far far away from any of his businesses.
I did an interview with Michael Moriarty in May.
In that interview, I claimed he was a good guy on the up and up....
Now I'm not so sure.
PLEASE SHARE THIS PAGE TO EVERYONE IN THE BITCOIN COMMUNITY
http://antilyze.com
I have evidence that clearly shows that Michael Moriarty has decided to keep a customers $80,000 deposited at bitlaunder.com because he felt that the coins were "stolen or hacked from elsewhere" Why that gives him permission to keep $80,000 I will never know.
In back and forth discussions, Michael admitted this and we set up a deal for him to return the 125 bitcoins but instead, Michael never sent the bitcoins, and instead posted today in this very forum that he is now giving away bitcoins.
I am giving Michael 24 hours to return the funds he has already admitted he has. If he does not I will expose the rest of what I know, and all evidence of this crime-to-be will be posted at http://antilyze.com
TICK-TOCK-TICK-TOCK-DOC-OCK
Do you know Dr. Michael Moriarty with a PhD from Stanford? Please use the contact me or chat link on the page. If he does not pay back the money he kept, I will indeed need your help in finding him. He is the "Owner" of the "Bitcoin Network of Sites" according to his Linkedin. He has 8 Full-time Employees and 50 sites including bitlaunder, bitforum.org, bitscams.org (funny), bitplastic, coinchimp, hotbitcoins, bitarmored.com, bitlisting.com, bitsecurity.com, bitfiverr.com, paidbitcoin.com, bitsweeps.com, bitbing.com, bitwebhosting.com, bitspeculate.com and more. If he indeed is going to be keeping money that is not his, he must be brought down. Any help on his identity from the hacker community will be greatly appreciated.
He thinks he's above us. He thinks he can get away with anything. I think there is strength in numbers, so please check out the page and also send an email to Michael telling him that we don't need his kind in the bitcoin community. [email protected]
If Michael returns the money he is holding, I will delete my pages and life will go on.... Michael: DO what is right, not what pads your "50,000 bitcoins"
In that interview, I claimed he was a good guy on the up and up....
Now I'm not so sure.
PLEASE SHARE THIS PAGE TO EVERYONE IN THE BITCOIN COMMUNITY
http://antilyze.com
I have evidence that clearly shows that Michael Moriarty has decided to keep a customers $80,000 deposited at bitlaunder.com because he felt that the coins were "stolen or hacked from elsewhere" Why that gives him permission to keep $80,000 I will never know.
In back and forth discussions, Michael admitted this and we set up a deal for him to return the 125 bitcoins but instead, Michael never sent the bitcoins, and instead posted today in this very forum that he is now giving away bitcoins.
I am giving Michael 24 hours to return the funds he has already admitted he has. If he does not I will expose the rest of what I know, and all evidence of this crime-to-be will be posted at http://antilyze.com
TICK-TOCK-TICK-TOCK-DOC-OCK
Do you know Dr. Michael Moriarty with a PhD from Stanford? Please use the contact me or chat link on the page. If he does not pay back the money he kept, I will indeed need your help in finding him. He is the "Owner" of the "Bitcoin Network of Sites" according to his Linkedin. He has 8 Full-time Employees and 50 sites including bitlaunder, bitforum.org, bitscams.org (funny), bitplastic, coinchimp, hotbitcoins, bitarmored.com, bitlisting.com, bitsecurity.com, bitfiverr.com, paidbitcoin.com, bitsweeps.com, bitbing.com, bitwebhosting.com, bitspeculate.com and more. If he indeed is going to be keeping money that is not his, he must be brought down. Any help on his identity from the hacker community will be greatly appreciated.
He thinks he's above us. He thinks he can get away with anything. I think there is strength in numbers, so please check out the page and also send an email to Michael telling him that we don't need his kind in the bitcoin community. [email protected]
If Michael returns the money he is holding, I will delete my pages and life will go on.... Michael: DO what is right, not what pads your "50,000 bitcoins"
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Just dice shut down because of this law?
Yes they did shut down because of this new law
Can be considered the first official casualty of this new change in regulations
Canada just passed the first-ever national law regulating Bitcoin.
I have been predicting for years that the US and Canada will not ban Bitcoin outright, but seek to regulate it and raise barriers of entry to new companies.
Regulation = control.
The main targets for regulation are exchanges, whereby governments can track inbound and outbound buy/sell orders to compile national databases of Bitcoin owners.
The Moriarty Bitcoin Network will NOT BE COMPLYING with any of Canada's new regulation!
Dr. Michael Moriarty
I have been predicting for years that the US and Canada will not ban Bitcoin outright, but seek to regulate it and raise barriers of entry to new companies.
Regulation = control.
The main targets for regulation are exchanges, whereby governments can track inbound and outbound buy/sell orders to compile national databases of Bitcoin owners.
The Moriarty Bitcoin Network will NOT BE COMPLYING with any of Canada's new regulation!
Dr. Michael Moriarty
Regulation = Legimitation = Success = to daaA MooOON!
Just dice shut down because of this law?
How can the government trace your btc transfers while you staying anonymous?
if its still the way the regulation is just for a business owners that will have to declare their incomes.. no?
if its still the way the regulation is just for a business owners that will have to declare their incomes.. no?
What does this new national law state? It doesn't say in the OP 
Tick Tock Tick Tock
Apparently it won't continue to be a perfect place for ATM's as it was before, considering what happened to the formerly big Canadian exchange that was "hacked" these "Regulation" things would keep on happening.
regulation will come to all countries one way or another. US is pretty strict so i doubt we will see anything more strict.
I get your point.
I'm Canadian and not a lawyer. Often with these bills you have to be a lawyer to interpret the fine print.
emphasis on interpret. as i shown one of the quotes was duhaime's INTERPRETATION. but always realise a judge or government could have a different interpretation. so its best to go straight to source, so read the c-31 proper document if your starting a business...
It's a law firm: http://www.duhaimelaw.com/2014/06/22/canada-implements-worlds-first-national-bitcoin-law/
Are you a lawyer?
im only pointing out that duhaime specifically mentions bitcoins.. but not litecoins, myriadcoins or jungle-gymcoins.. meaning if you simply followed duhaimes version you would think you could get away with changing to an altcoin..
but read the actual act itself which mentions "property", meaning it includes much more things.. including any other assets such as cars, art bitcoins, altcoins etc rather then just "bitcoin" or just "money". protect yourself and know the law in full if doing business. it can cost you lot later on if you dont know it properly and understand it.
I get your point.
I'm Canadian and not a lawyer. Often with these bills you have to be a lawyer to interpret the fine print.
It's a law firm: http://www.duhaimelaw.com/2014/06/22/canada-implements-worlds-first-national-bitcoin-law/
Are you a lawyer?
im only pointing out that duhaime specifically mentions bitcoins.. but not litecoins, myriadcoins or jungle-gymcoins.. meaning if you simply followed duhaimes version you would think you could get away with changing to an altcoin..
but read the actual act itself which mentions "property", meaning it includes much more things.. including any other assets such as cars, art bitcoins, altcoins etc rather then just "bitcoin" or just "money". protect yourself and know the law in full if doing business. it can cost you lot later on if you dont know it properly and understand it.
is this news today??
No.
Bill C-31, which was a couple weeks ago.
The highlights:
1. Regulates Bitcoin as MSB – Bitcoin dealing, more specifically referred to as “dealing in virtual currencies” in Bill C-31, will be subject to the record keeping, verification procedures, suspicious transaction reporting and registration requirements under the PCMLTFA as a money services business.
2. Does not define “dealing in virtual currencies” - The phrase “dealing in virtual currencies” was left undefined and it is not known what the defined term will encompass in terms of business activities once defined by regulation.
3. Registration with FINTRAC - Bitcoin dealers will be required to register with FINTRAC and if successfully registered, to implement a complete anti-money laundering compliance regime.
4. Captures foreign Bitcoin companies targeting Canada – Bill C-31 is more sweeping than other Canadian laws because it extends to: (a) companies that have a place of business in Canada; and (b) companies that have a place of business outside Canada but who direct services at persons or entities in Canada. Coinbase, for example, will have to register with FINTRAC to continue to provide Bitcoin services in Canada. Having a place of business means physically located in Canada, or having an R&R in Canada. Bitcoin businesses in Canada, however, that provide services to persons or entities outside of Canada are exempt from Bill C-31 for those external services.
5. Prohibits banks from opening accounts for Bitcoin entities if unregistered - Under Bill C-31, banks will be prohibited from opening and maintaining correspondent banking relationships with Bitcoin dealers that are not registered with FINTRAC. This is an extremely important aspect of Bill C-31 and Bitcoin businesses should ensure they understand what a correspondent banking relationship is and how it can affect the provisions of banking services to them internationally.”
thats duhaime's summerised description (interpretation) try read the actual C-31.
use of the words bitcoin and "property" in regards to the laundering and terrorist stuff..
for instance if you just go by duhaime's summary.. simply switch to litecoins... but the C-31 goes into more details using the word property, as oppose to 'money' or bitcoins. which is sly of them
It's a law firm: http://www.duhaimelaw.com/2014/06/22/canada-implements-worlds-first-national-bitcoin-law/
Are you a lawyer?
is this news today??
No.
Bill C-31, which was a couple weeks ago.
The highlights:
1. Regulates Bitcoin as MSB – Bitcoin dealing, more specifically referred to as “dealing in virtual currencies” in Bill C-31, will be subject to the record keeping, verification procedures, suspicious transaction reporting and registration requirements under the PCMLTFA as a money services business.
2. Does not define “dealing in virtual currencies” - The phrase “dealing in virtual currencies” was left undefined and it is not known what the defined term will encompass in terms of business activities once defined by regulation.
3. Registration with FINTRAC - Bitcoin dealers will be required to register with FINTRAC and if successfully registered, to implement a complete anti-money laundering compliance regime.
4. Captures foreign Bitcoin companies targeting Canada – Bill C-31 is more sweeping than other Canadian laws because it extends to: (a) companies that have a place of business in Canada; and (b) companies that have a place of business outside Canada but who direct services at persons or entities in Canada. Coinbase, for example, will have to register with FINTRAC to continue to provide Bitcoin services in Canada. Having a place of business means physically located in Canada, or having an R&R in Canada. Bitcoin businesses in Canada, however, that provide services to persons or entities outside of Canada are exempt from Bill C-31 for those external services.
5. Prohibits banks from opening accounts for Bitcoin entities if unregistered - Under Bill C-31, banks will be prohibited from opening and maintaining correspondent banking relationships with Bitcoin dealers that are not registered with FINTRAC. This is an extremely important aspect of Bill C-31 and Bitcoin businesses should ensure they understand what a correspondent banking relationship is and how it can affect the provisions of banking services to them internationally.”
thats duhaime's summerised description (interpretation) try read the actual C-31.
duhaime's summary
proceeds of crime ammendmants bill c-31
use of the words bitcoin and "property" in regards to the laundering and terrorist stuff..
for instance if you just go by duhaime's summary.. simply switch to litecoins... but the C-31 goes into more details using the word property, as oppose to 'money' or bitcoins. which is sly of them
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