informs, educates and assists individuals and merchants on the use of Bitcoin and related crypto-technologies.
○ The Bitcoin Embassy participates in the Bitcoin economy development.
Bitcoin Store and educational center
○ The Bitcoin Embassy offers practical, friendly Bitcoin education and use.
Networking, workshops and learning
○ The Bitcoin Embassy acts as a hub for community and educational events.
In the 2014 federal budget, the Canadian government made unequivocal its concern that virtual currencies, specifically Bitcoin, are an emerging risk that threatens “Canada’s international leadership in the fight against money laundering and terrorist financing”. The Government promised to introduce anti-money laundering and anti-terrorist financing regulations for virtual currencies and to provide FinTRAC up to $10.5 million over five years to implement these changes.