Canadian regulator takes lighter view of Bitcoin

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It appears Canada’s anti-money laundering regulator will leave Bitcoin exchanges in the country alone for now.

LibertyBit, which exchanges the virtual currency Bitcoin for U.S. and Canadian dollars, has been told it does not have to register with Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), said CEO Paul Szczesny, via email on Tuesday.

FINTRAC, which was created in 2000, is responsible for investigating and preventing money-laundering and activities used to fund terrorism.

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