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History is being played out and it seems that the US, China, Bafin and most other regulators are choosing the path of regeneration instead of repression (only the Canadians it seems). It will be interesting to see how this plays out.
It looks like Canada is allowing for economic regeneration, so long as you register as a money transmitter as is the case with
www.cavirtex.com. Looking at the latest actions of the US regulators it seems to be leaning towards repression.