Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : Play or Invest : 1% House Edge : Banter++
by
dooglus
on 23/06/2014, 20:32:12 UTC
Cool, I didn't know just-dice ran a bitcoin exchange or ATM.. i thought it was just a gambling site


You guys should be ashamed that you were hiding bitcoin exchanges and ATMs behind a gambling site.  That's playing with fire.


We weren't.

Quote
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

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.

Does Just-Dice "deal in virtual currency"? Since the new law doesn't define what that means, I'm erring on the side of caution.