Quote from: JorgeStolfi on April 11, 2014, 04:20:04 PM

Quote from: Davyd05 on April 11, 2014, 03:17:44 PM

Quote from: JorgeStolfi on April 11, 2014, 03:09:08 PM

What are the Canadian regulations that apply to the bitcoin trading services of Cavirtex and other Canadian exchanges (apart from common laws, such as fraud, property theft, money laundering, etc.)? (Serious question.)

They pretty much have to adhere to the same regulation as banks, if not more. They' got their MSB license as well.

Thanks! However, those regulations do not include insider trading or fractional BTC holding, correct? Banks do those things all the time, and the Canadian "Fed" surely does not regulate BTC holdings. Insider trading laws are specific to stock and commodity markets.

Quote from: Davyd05 on April 11, 2014, 03:17:44 PM

When the market wants more tightly regulated exchange they'll occur we already have the Winklevoss and Silbert funds which are just beginning. NY or Texas will probably launch a North American exchange that will foster growth due to many people not investing because of the arguments you pointed out with regulation abroad and other uncertainties.

Great, we will see...

Quote from: Davyd05 on April 11, 2014, 03:17:44 PM

More so generally the financial markets that claim to have regulation have enough loop holes that we have already got lots of Ponzis from the likes of Madoff to Merriman, taking peoples "safer" Fiat currency.

The Euro bosses and Cypriot banks, IIRC, "stole" 6--10% from all bank accounts in Cyprus. Neo & Bee's Danny Brewster then told Cypriots that his bitcoin-based bank would keep their money safe from further bank and government theft. Eventually he disappeared, leaving behind many debts to contractors and staff, having spent all the 12,000 BTC he got from investors without any accounting or revenue, and after allegedly selling to two Cypriot citizens several thousand euros's worth of bitcoins that were not delivered. Oh, and there are also allegations of insider trading of Neo & Bee shares on his own bitcoin-based securities trading platform, which of course was unregulated.

So much for bitcoin protecting us from greedy and unscrupulous bankers.

http://www.osc.gov.on.ca/en/Investors_inv_news_20140404_real-risks-virtual-currency.htm From today...they're looking at it but again bitcoin is unique and continues to scare those who have been raping the markets with their own rules for centuries.

Jorge if you got any info you need to share with them go ahead, The OSC is closely monitoring investment activity related to virtual currency and well take action where violations of the Ontario Securities Act are concerned.

I would also wager that most insider trading in bitcoin is most likely done by the PBoC.

Jorge, Danny may have ponzi'd but the real idea about bitcoin is not to trust someone else with your money. I don't think anyone lost money from Danny unless they backed his business venture. To my knowledge they didn't get to the point where they had bitcoin savings accounts with deposits in existence.

and its not we will see, its we're witnessing they're growth.