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Canada tightens restrictions on Bitcoin trading

In the United States, the difficult-to-trace digital currency Bitcoin is largely unregulated. Recently, the Treasury Department has issued some guidelines, though they remain rather broad.

The regulatory environment in Canada, however, is rather more strict, as several Bitcoin entrepreneurs have found out.

Bitcoin drew international attention through Cyprus’s banking emergency, its inclusion in the American financial regulatory framework, and increasing press coverage. The currency recently spiked to as high as $266 before crashing to a low of about $50, then rebounding to a post-crash high of $162.

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