This episode of Mad Bitcoins, aired on October 29th, 2013, covered updates on key players in the Bitcoin ecosystem, focusing on the recovery of major platforms and the unique regulatory status of Bitcoin in Canada.
The segment highlighted the resilience of Bitmit, positioning it as the primary marketplace for Bitcoin, despite recent licensing setbacks. It also announced the international expansion of Bittylicious, an easy way to acquire Bitcoins, moving beyond the UK into several new global markets. Finally, the discussion delved into the legal loophole in Canadian law that makes Bitcoin difficult to regulate, while cautioning that businesses are still expected to comply proactively with anti-money laundering standards.
1) Main Topics Discussed
* The recovery and continued importance of Bitmit as a major Bitcoin marketplace ("eBay of Bitcoins").
* The global expansion of Bittylicious into the Netherlands, South Africa, and the Czech Republic.
* The regulatory loophole in Canadian law regarding Bitcoin, which defines it as something other than traditional currency.
2) Key Quotes
* "Bitmit is still the eBay of Bitcoins, despite setbacks."
* "Bittylicious, once only in the UK, expands into the Netherlands, South Africa, and the Czech Republic."
* "Due to a loophole in Canadian law, Bitcoin businesses aren't really regulated."
3) People/Companies Mentioned
* AlphaLion Technologies
* Jason Covey (at Midnight Oil Creative)
* Mad Bitcoins (The show/platform)
4) Bitcoin Price
* Last: $193
* High: $193
* Low: $187
* Lightcoin: $2.06