Hi Esh, thanks for the headsup. I keep abreast of economic freedom trends around the globe and am acutely aware that sadly Canada recently surpassed the US in this area. That said, I was going by what Havelock management themselves have stated very recently:
We don't know exactly whhy BTC-TC decided to close operations, only what's been mentioned on the threads. We're still having ongoing discussions with our legal team in order to keep Havelock operational.
https://bitcointalk.org/index.php?topic=135035.msg3219266#msg3219266
Worst case is we re-list somewhere that offers no greater stability than what we had at btct.co.
Could what happened to BTC.TC also happen with Havelock? What is the legal situation in Canada regarding virtual exchanges?
We don't know exactly whhy BTC-TC decided to close operations, only what's been mentioned on the threads. We're still having ongoing discussions with our legal team in order to keep Havelock operational.
https://bitcointalk.org/index.php?topic=135035.msg3219266#msg3219266
Worst case is we re-list somewhere that offers no greater stability than what we had at btct.co.
Just to throw in some information they have a company lightbox technologies and run their own exchange at canadianbitcoins.com along with havelock.
They also talk a fair bit with cavirtex so they are in my opinion one of the leaders in determining the legal environment in Canada.
http://www.lightbox.ca/
https://www.canadianbitcoins.com/
That said when burnside gives more info havelock will be able to reply better so we can just observe for now.
Could what happened to BTC.TC also happen with Havelock? What is the legal situation in Canada regarding virtual exchanges?
We don't know exactly whhy BTC-TC decided to close operations, only what's been mentioned on the threads. We're still having ongoing discussions with our legal team in order to keep Havelock operational.
As an off-side was talking with Milo from Emgateway and was wondering if your legal team is running into similar issues.
As a recommendation sometimes it makes more sense to get it going then work on the regulators
We don't actually know what BTC-TC's issues were so I can't even say if they are similar.