"FINTRAC told LibertyBit in an email that it was not considered a Money Service Business, which would require registering with FINTRAC. The agency told LibertyB

"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...)