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Tag: canada

Canada Implements World’s First Law Regulating Bitcoin

Posted by JenThorpe at 6:09 PM on July 6, 2014

Bitcoin logoThe Parliament of Canada has approved the world’s first national Bitcoin law. It is the first official law that concerns the treatment of Bitcoin financial transactions under national anti-money laundering law.

Bill C-31 was an amendment to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). In other words, the bill amended, or made a change to, an existing Canadian anti-money laundering law. Here are some key points of the law:

Regulates Bitcoin as an MSB (money services business): “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.”

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.”

Registration with FINTRAC (the Financial Transactions and Reports Analysis Centre of Canada): “Bitcoin dealers will be required to register with FINTRAC and if successfully registered, to implement a complete anti-money laundering compliance regime.”

Captures foreign Bitcoin companies targeting Canada: In short, the bill extends to entities that have a place of business in Canada and also to entities that have a place of business outside Canada (but who direct services at persons in Canada).

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.”

Another key point to understand is that Canada’s Governor General gave Royal Assent to Bill C-31. Under Canadian law, that on it’s own does not necessarily mean that the bill instantaneously goes into force. Certain parts of the bill come in force on dates that were set in the bill. Other portions will come in force on a date determined by the Governor General.

Roku Coming to UK and Canada

Posted by J Powers at 10:35 AM on November 17, 2011
Roku LT

Roku LT

Today, Roku announced it will be going International: starting in the United Kingdom and Canada. The Set Top Box plans to launch in these countries early 2012. Currently, they are making a call to Canadian and European developers to start creating content for this popular medium.

Roku was founded in 2002 by Replay TV founder Anthony Wood. The privately held company started with the SoundBridge – a network music player. Since then, the company created the PhotoBridge before developing the Roku in 2008. Four generations later, the Roku LT, Roku 2 HD, XD and XS (with Angry Birds) are current models you can purchase starting at $49.

“This year has been one of many accomplishments for Roku in the U.S. In July, we introduced Roku 2 which brings casual games to the TV and last month we unveiled the $49.99 Roku LT. We’ve added casual games including Angry Birds and PAC-MAN as well as premiere channels including HBO GO,” said Roku Founder and CEO Anthony Wood. “And now we’re looking forward to kicking off 2012 by expanding to Europe and Canada and providing consumers abroad with the best in streaming entertainment – a natural evolution for Roku.”

Recently Roku launched games like Pac-Man and Galaga, along with services like CNBC 24 hour and HBO Go (with cable subscription). Of course, Roku was the first STB to offer Netflix, and also has premium channels like Amazon and HuluPlus. Not to mention the TechPodcasts and Blubrry networks.

GNC-2011-01-31 #644 Warm and Sunny Honolulu

Posted by geeknews at 1:36 AM on February 1, 2011

I have to admit, I would rather be here in Hawaii for the next couple of days, but when I was a kid there was nothing more fun than a snow storm. Enjoy the time off work, and know that I will be flying out on Thursday nite to head to the windy city for a couple of days and then back to Honolulu. I have a full load of news and commentary for you. Make sure you are subscribed so as not to miss any episodes.

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Show Notes:
A Storm Be coming!
iPhone Explorer.
Effing Meteors.
Run a Private Torrent Site.
Amazon Streaming.
No more IP’s
MacWorld What MacWorld?
IE9 Command Line Installs.
Apollo 14 Anniversary.
Planetary Scale.
Shuttle on the Pad!
Shuttle on a Poster.
Hackers Go Old School.
Where the money is going!
Android #1
Deck.ly?
Egypt 100% Offline.
AT&T Tells all.
Google Exec Missing in Egypt.
Power Hub Organizer!
Google Docs Updated.
Progress at ISS.
Underground Data Centers.
Tunnel Sniffers.
Love Hormone & Jealousy combined!
Mass Infringement Lawsuits in 2010.
Phone and Net Shutdown.
Al Jazeera makes bold move.
China Censors at full capacity.
More Android Developers.
White iPhone makes Appearance.
iPad Newspapers!
Flickr and Yahoo ok for Now?
Clearwire fights back over Netflix.
Netgear CEO gets ugly on Jobs.
Comcast owns NBCU.
FCC say lawsuits filled were two early.
Google Double Standard.
LinkedIn IPO!
MS Browser really sick!
Canada Kills Net Innovation!
Guns and denial service of Attacks.
Intel has a big chip issue.
ISP’s want YouTube and Netflix to pay heavily!

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Whistler Blackcomb – XXS

Posted by Andrew at 5:03 PM on January 19, 2011

I love these tilt-shift films which make everything appear in miniature and some of you will recall Sam O’Hare’s “The Sandpit” from earlier in the year. This new film was produced for Whistler Blackcomb ski resort in Canada by Mike Douglas of Switchback Entertainment and it continues the fun. Music is “Passed Out” by White Apple Tree.

Whistler Blackcomb – XXS from Switchback Entertainment on Vimeo.