Quote from: btc_angela on June 11, 2019, 06:57:12 AM

Quote from: kreatge on June 11, 2019, 05:46:12 AM

Quote from: krewbfu on June 11, 2019, 05:19:39 AM

We, as cryptocurrency buyers, are naturally interested in more convenient ways to exchange Fiat as ATMs. But the government is looking at cryptocurrencies from the other side, and so far it sees more opportunities for money laundering. Although new technologies simply show their promise, they are not the reason why there can be crime in the country. It is strange when two factors are tied together and an obstacle to the development of society is created

The situation with Bitcoin banking in Canada makes you wonder how good conditions there are for investors. I understand the desire of the organs of order to prevent illegal actions. And the cryptocurrency industry has so far shown a large number of examples of fraud. But they also need to understand that by creating restrictions they harm the country's image as an attractive place for blockchain startups

Funny thing is the government of Canada is using blockchain technology, https://www.cms-connected.com/News-Archive/August-2018/Canada-Using-Blockchain-for-Transparency-of-Government-Contracts. But just like the rest of developed countries, they have crypto but they love the technology behind, how ironic.

banning bitcoin ATMs and generally speaking any actions similar to that has nothing to do with being against bitcoin as some people have been interpreting this news. it is mainly about wanting to prevent illegal activities such as money laundering through these ATM machines that don't have any mechanism to prevent that from happening.
i'd say that is a very good thing actually because it will prevent criminals from entering bitcoin and using it for their dirty money.