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While I'm happy to see the world's first anything happen in my hometown of Vancouver, I do question why Vancouver was chosen over San Fran, Portland or New York
by typicalrunt 13y ago
While I'm happy to see the world's first anything happen in my hometown of Vancouver, I do question why Vancouver was chosen over San Fran, Portland or New York. Those cities seem more fit for World's First. Even if its a Canadian market they are targeting, Toronto is our financial centre and would make a better choice for this currency.
- querulous 13y agoI think it's as simple as their first (operational) customer happens to be based in Vancouver.
- trevorcreech 13y agoYup, the ATM is being operated by a Vancouver Bitcoin store called http://www.bitcoiniacs.com http://www.bitcoiniacs.com
- yafujifide 13y agoPerhaps because San Fran, Portland and New York are in the US, which has more onerous regulations.
- cbhl 13y ago"FINTRAC told LibertyBit in an email that it was not considered a Money Service Business, which would require registering with FINTRAC. The agency told LibertyBit that since the transfer of funds is a corollary of its actual service of trading virtual currency, it need not register." tl;dr: Less regulatory burden in Canada. (Source: http://www.pcworld.com/article/2039347/canadian-regulator-takes-lighter-view-of-bitcoin.html http://www.pcworld.com/article/2039347/canadian-regulator-ta...)