Canadian Cryptocurrency Exchange Is Authorized to Perform Financial Operations

Canadian cryptocurrency exchange is authorized to carry out financial operations (or how “they” do it). The Exchange Vault of Satoshi has recently received an official approval from FINTRAC, an independent agency for control of terrorism funding and money laundering that works closely with Canadian authorities. This agency provides the Ministry of Finance of Canada with information on whether businesses operate legally or not. The verdict of the independent agency is clear: Vault of Satoshi does not carry out any operations related to money laundering and terrorism funding – all activities of the cryptocurrency exchange are absolutely legal. Opponents of Bitcoin and other cryptocurrencies like adducing “arguments” about terrorism funding and money laundering through cryptocurrencies. And regular horror-stories from Central Banks of different countries unnerve potential investors and cryptocurrency users. For this reason some participants of the cryptocurrency infrastructure conduct an audit of their activity in order to prove its legitimacy. The case of the exchange Vault of Satoshi is a prime example. Evidently, cryptocurrency development cannot be held up, new Bitcoin forks appear every day. This activity should be brought into reasonable framework and controlled to ensure comfort of regulatory authorities and ordinary cryptocurrency users, number of which increases day by day. You may perform any Bitcoin exchanges on our website www.xchange.cc.