Bitcoin Money

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin News Uncensored

uncensored bitcoin news
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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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Bitcoin Money Exchange now live on bitcoinlocate.com

submitted by bitcoinrider to Bitcoin [link] [comments]

bitcoin money exchanges. if you know of more please reply with link

bitcoin money exchanges. if you know of more please reply with link submitted by bitcoinrider to Bitcoin [link] [comments]

i want to make a blog list of all available bitcoin money exchanges

i will make a blog page with it and also start a wikipedia on it.. can you give me some exchanges aside from mtgox, bitcoin.de and localbitcoins
submitted by bitcoinrider to Bitcoin [link] [comments]

Strike - Buy Bitcoin Without an Exchange. A Better Money App Than PayPal, Venmo, Cash App, & Zelle?

Strike - Buy Bitcoin Without an Exchange. A Better Money App Than PayPal, Venmo, Cash App, & Zelle? submitted by ChuckyBravo to Bitcoin [link] [comments]

I hereby announce moving out my trading stash from CoinEx and moving to an exchange which actually cares about the BCH space & its moral grounds. While miners are expected to act selfishly and follow the money (keeps the lights on in Bitcoin), helping a thieving developer by default is a no no. Cya.

You are free to announce Bitcoin Cat, Bitcoin Amaury the Cat, Bitcoin ABC or whatever the hell you want to fork and announce, that’s cool.
But to default your mining power to a chain that is stealing 8% of our collective effort and paying it to a thieving developer is against my moral standing and I refuse to support your business at all in such a move.
I will be immediately ending my CoinEx trading (with one last pending move which is dumping all the Amaury coins once forked), and moving on from you and ending my recommendation of your exchange to my friends and family circle - and it’s a huge fucking circle.
Miners will eventually learn that while acting selfishly is a good thing for most of the time, in certain times they must actually employ some critical thinking and moral evaluation of situations and take stances accordingly.
Haipo, maybe take a look at Roger Ver and other ethical miners’ recent actions for reference on how to act responsibly and morally in this space.
Good bye CoinEx, you actually have been a great exchange and I’ve been a loyal beta tester until today - keep on forking Cats genius.
submitted by wisequote to btc [link] [comments]

Has anyone tried exchanging bitcoin as a way to make money?

So the idea I am thinking of is buying bitcoin/etherium or any other crypto from a website with low commissions or from people who want to sell them quickly. And then selling it for more with a small commission for profit. Can this be a profitable business idea or is it hard to do due to different kinds of fees?
Disclaimer I do know it won't be a passive income if I do this, but you can definitely make it passive down the road. You can set up a website that does the orders for you and such.
submitted by z1xto to passive_income [link] [comments]

How much money I need to start a small bitcoin exchange startup ?

submitted by iTziSteal to Bitcoin [link] [comments]

Strike - Buy Bitcoin Without an Exchange. A Better Money App Than PayPal, Venmo, Cash App, & Zelle? (x-post from /r/Bitcoin)

Strike - Buy Bitcoin Without an Exchange. A Better Money App Than PayPal, Venmo, Cash App, & Zelle? (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

I've invested in BTC, ETH exchange rate on Revolut few months ago. I got around 10k dollars now. Is it good option to withdraw money and buy BTC and ETH in some crypto wallet? Or should I keep it on Revolut? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Best exchanges to take profits and securely transfer money to your account???.... once BTC takes off! (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Cannacoin is a new form of electronic money called "cryptocurrency" similar to Bitcoin and is geared toward use within the medical and recreational cannabis industry as a medium of exchange, a unit of account, and a store of value.

submitted by deusopus2020 to cannacoin [link] [comments]

How much money I need to start a small bitcoin exchange startup ? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

US charges bitcoin exchange founders over money laundering

US charges bitcoin exchange founders over money laundering submitted by LiterallyStonkler to StonkFeed [link] [comments]

US charges bitcoin exchange founders over money laundering (current BTC/USD price is $10,646.45)

Latest Bitcoin News:
US charges bitcoin exchange founders over money laundering
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

US charges bitcoin exchange founders over money laundering

US charges bitcoin exchange founders over money laundering submitted by alper to FT_comments [link] [comments]

I don't use bitcoin, but is it possible to take my standard money, convert it to bitcoin on a bitcoin account and buy things online with bitcoin, then exchange unused bitcoin back into my regular currency?

submitted by thetittiestsprinkles to NoStupidQuestions [link] [comments]

Bullbitcoin CEO - Today is my last day as an unregulated dealer in virtual currency. As of June 1st 2020, Bitcoin exchanges and payment processors are officially regulated as Money Services Businesses in Canada.

Bullbitcoin CEO - Today is my last day as an unregulated dealer in virtual currency. As of June 1st 2020, Bitcoin exchanges and payment processors are officially regulated as Money Services Businesses in Canada. submitted by Fiach_Dubh to BitcoinCA [link] [comments]

[FULL ANALYSIS] Bitcoin exchanges and payment processors in Canada are now regulated as Money Service Businesses

Hello Bitcoiners!
Many of you saw my tweet yesterday about the Bitcoin regulations in Canada. As usual, some journalists decided to write articles about my tweets without asking me for the full context :P Which means there has been a lot of misunderstanding. Particuarly, these regulations mean that we can lower the KYC requirements and no longer require ID documents or bank account connections! We can also increase the daily transaction limit from $3,000 per day to $10,000 per day for unverified accounts. The main difference is that we now have a $1,000 per-transaction limit (instead of per day) and we must report suspicious transactions. It's important to read about our reporting requirements, as it is the main difference since pretty much every exchange was doing KYC anyway.
Hopefully you appreciate the transparency, and I'm available for questions!
Cheers,
Francis
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Text below is copied from: https://medium.com/bull-bitcoin/bitcoin-exchanges-and-payment-processors-in-canada-are-now-regulated-as-money-service-businesses-1ca820575511

Bitcoin is money, regulated like money

Notice to Canadian Bitcoin users

If you are the user of a Canadian Bitcoin company, be assured that:
You may notice that the exchange service you are using has change its transactions limits or is now requiring more information from you.
You can stop reading this email now without any consequence! Otherwise, keep regarding if you are interested in my unique insights into this important topic!

Background on regulation

Today marks an important chapter for Bitcoin’s history in Canada: Bitcoin is officially regulated as money (virtual currency) under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act of Canada (PCMLTFA), under the jurisdiction of the Financial Transaction and Reports Analysis Centre of Canada (FINTRAC).
This is the culmination of 5 years of effort by numerous Bitcoin Canadian advocates collaborating with the Ministry of Finance, Fintrac and other Canadian government agencies.
It is important to note that there is no new Bitcoin law in Canada. In June of 2014, the Governor General of Canada (representing Her Majesty Queen Elizabeth II) gave royal asset to Bill C-31, voted by parliament under Stephen Harper’s Conservative government, which included amendments to the PCMLTFA to included Bitcoin companies (named “dealers in virtual currency”) as a category of Money Service Businesses.
Thereafter, FINTRAC engaged in the process of defining what exactly is meant by “dealing in virtual currency” and what particular rules would apply to the businesses in this category. Much of our work was centred around excluding things like non-custodial wallets, nodes, mining and other activities that were not related exchange or payments processing.
To give an idea, the other categories that apply to traditional fiat currency businesses are:
When we say that Bitcoin is now regulated, what we mean is that these questions have been settled, officially published, and that they are now legally binding.
Businesses that are deemed to be “dealing in virtual currency” must register with FINTRAC as a money service business, just like they would if they were doing traditional currency exchange or payment processing.
There is no “license” required, which means that you do not need the government’s approval before you can operate a Bitcoin exchange business. However, when you operate a Money Service Business, you must register and comply with the laws… otherwise you risk jail time and large fines.

What activities are regulated as Money Service Business activity?

A virtual currency exchange transaction is defined as: “an exchange, at the request of another person or entity, of virtual currency for funds, funds for virtual currency or one virtual currency for another.” This includes, but is not limited to:

Notice to foreign Bitcoin companies with clients in Canada

Regardless of whether or not your business is based in Canada, you must register with FINTRAC as a Foreign Money Service Business, if:

How this affects BullBitcoin.com and Bylls.com

The regulation of Bitcoin exchange and payment services has always been inevitable. If we want Bitcoin to be considered as money, we must accept that it will be regulated like other monies. Our stance on the regulation issue has always been that Bitcoin exchanges and payment processors should be regulated like fiat currency exchanges and payment processors, no more, no less. This is the outcome we obtained.
To comply with these regulations, we are implementing a few changes to our Know-Your-Customer requirement and transaction limits which may paradoxically make your experience using Bull Bitcoin and Bylls even more private and convenient!

The bad news

The good news

To understand these regulations, we highly recommend reading this summary by our good friends and partners at Outlier Compliance.

Summary of our obligations

Our responsibilities:
The information required to perform a compliant know-your-customer validation:
Record keeping obligations:

Suspicious transaction reporting

Satoshi Portal is required to make suspicious transactions report to FINTRAC after we have detected a fact that amounts to reasonable grounds to suspect that one of your transactions is related to the commission or attempted commission of a money laundering offence or a terrorist activity financing offence.
Failure by Satoshi Portal Inc. to report a suspicious transaction could lead to up to five years imprisonment, a fine of up to $2,000,000, or both, for its executives.
We are not allowed to share with anyone other than FINTRAC, including our clients, the contents of a suspicious transaction report as well as the fact that a suspicious transaction report has been filed.

What is suspicious activity?

Note for bitcoinca: this section applies ONLY to Bull Bitcoin. Most exchanges have much stricter interpretation of what is suspicious. You should operate under the assumption that using Coinjoin or TOR will get you flagged at some other exchanges even though it's okay for Bull Bitcoin. That is simply because we have a more sophisticated understanding of privacy best practices.
Identifying suspicious behavior is heavily dependent on the context of each transaction. We understand and take into account that for many of our customers, privacy and libertarian beliefs are of the utmost importance, and that some users may not know that the behavior they are engaging in is suspicious. When we are concerned or confused about the behaviors of our users, we endeavour to discuss it with them before jumping to conclusions.
In general, here are a few tips:
Here are some examples of behavior that we do not consider suspicious:
Here are some example indicators of behavior that would lead us to investigate whether or not a transaction is suspicious:

What does this mean for Bitcoin?

It was always standard practice for Bitcoin companies to operate under the assumption they would eventually be regulated and adopt policies and procedures as if they were already regulated. The same practices used for legal KYC were already commonplace to mitigate fraud (chargebacks).
In addition, law enforcement and other government agencies in Canada were already issuing subpoenas and information requests to Bitcoin companies to obtain the information of users that were under investigation.
We suspect that cash-based Bitcoin exchanges, whether Bitcoin ATMs, physical Bitcoin exchanges or Peer-to-Peer trading, will be the most affected since they will no longer be able to operate without KYC and the absence of KYC was the primary feature that allowed them to justify charging such high fees and exchange rate premiums.
One thing is certain, as of today, there is no ambiguity whatsoever that Bitcoin is 100% legal and regulated in Canada!
submitted by FrancisPouliot to BitcoinCA [link] [comments]

08-31 08:58 - 'Once again--you need to learn about bitcoin before you go spouting off. / The exchange can prove its holdings. So when it gets audited, the auditors can confirm it has the investors' money.' by /u/forgoodnessshakes removed from /r/Bitcoin within 715-725min

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Once again--you need to learn about bitcoin before you go spouting off.
The exchange can prove its holdings. So when it gets audited, the auditors can confirm it has the investors' money.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: forgoodnessshakes
submitted by removalbot to removalbot [link] [comments]

"The volumes in the regulated exchanges have reached all-time highs in the amount of money on the line, with no headlines from the corporate media, another sign Bitcoin has time for a price run up." (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Just bought this bad boy installed @ Palmers inn Restaurant 28660 Harper Ave, St Clair Shores, MI 48081 invest in the Future of Money. A lot of People do not trust exchanges (x-post from /r/Bitcoin)

Just bought this bad boy installed @ Palmers inn Restaurant 28660 Harper Ave, St Clair Shores, MI 48081 invest in the Future of Money. A lot of People do not trust exchanges (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

If Bitcoin Exchanges are now Legally Recognized money service business, how can the (criminal) banks legally refuse/deny any crypto-related transactions??

https://cointelegraph.com/news/cryptocurrency-firms-now-recognized-as-money-service-businesses-in-canada
submitted by johnjbogle to BitcoinCA [link] [comments]

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