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Bex.io at #UpSummit

Posted by Jesse Heaslip

This past weekend 500 community leaders from around the globe gathered in the downtown project of Las Vegas to share best practices of growing technology communities.  Google was the headline sponsor, highlighting their Google for Entreprenuers program.  As a facilitator for Startup Weekend and CEO of Bex I have had the unique experience of watching two overlapping grassroots communities flourish over the past several years.

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Topics: United States, Events

Bex Powers Bitcoin.ca

Posted by Jesse Heaslip

Last time you probably heard from Bex we were announcing our seed round where we added an incredible team of global investors who will guide us on our mission to make Bitcoin accessible to everyone around the world.

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Topics: Canada, bitcoin.ca

Germany: Bitcoin Exchange Regulation

Posted by Alec Korba

Germany was one of the first countries on earth to attempt to clarify the regulatory environment around Bitcoin. Germany has introduced a straight forward registration process for registering a Bitcoin exchange with BaFin as well as opening these exchanges up to the entire Euro Zone.  There are a small number of European and Global exchanges operating out of Germany and we expect to see the market grow fairly quickly. 

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Topics: Banking and Regulatory Information, Germany

CHINA & BITCOIN REGULATION

Posted by Alec Korba

Licensing | Banks | Exchanges | Legislation

There are a great number of misconceptions about China and Bitcoin.  Mainly the fact that people believe it has been made "illegal" to trade bitcoin in China, which is not true.  There are a number of challenges that have been created for Entrepreneurs trying to build Bitcoin exchanges in China, but this does not mean it can't be done; it will be done.  One example of such opportunity is that if exchanges were to serve customres in mainland China from say, Taiwan or Hong Kong, they would still be operating within the currently existing Chinese SAFE (State Administration of Foreign Exchange) laws assuming they worked within the $50K USD limit per person annually.  Even with such limitations, that still provides for an incredible market.

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Topics: Banking and Regulatory Information, China

Bex.io is at INSIDE BITCOIN in Berlin

Posted by Alec Korba

Moving Bitcoin Forward: Bringing Trust, Legitimacy and Transparency to the Market

Jesse Heaslip, CEO & Co-Founder of Bex.io, will be speaking on the "Moving Bitcoin Forward" panel on February 13th at 17h00 at Inside Bitcoin conference in Berlin this week. Though bitcoin continues to play a larger role in mainstream culture, plenty of skepticism still remains.  Going forward, what are the challenges facing the bitcoin community as it attempts to bring trust, transparency and legitimacy to the burgeoning bitcoin market? This panel will discuss the path forward for bitcoin adoption.

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Topics: Events

Bitcoin: A Canadian Taxation and Financial Reporting Perspective

Posted by Alec Korba

When I was in Miami at the North American Bitcoin Conference last month I met with Eric Spano, the Founder & CEO of Bylls (an interesting service that allows you to pay your bills with Bitcoin).  He shared with me the attached report that he wrote. The report seeks to provide recommendations and guidelines that are consistent with the current rules and definitions of both Canadian Generally Accepted Accounting Principles (GAAP) as well as the Canadian Income Tax Act (ITA).  I found the information in this report to be invaluable to Canadian Entrepreneurs seeking to build a Bitcoin Exchange locally and I highly recommend the read to anyone who is currently trying to navigate the rapidly changing regulatory environment in Canada.

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Topics: Banking and Regulatory Information, Canada

United States Bitcoin Regulation

Posted by Alec Korba

 

It may take a long time for the federal government and state governments to create policy and regulation for Bitcoin, and if you watched the recent hearings in New York you know one thing is for certain: regulation is coming.  The recent panels demonstrate that regulators are doing everything in their power to regulate Bitcoin without stunting innovation.  But if you want to build an exchange now and be the first mover in your state, what does this mean for you?

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Topics: Banking and Regulatory Information, United States

Bitcoin Exchange Banking Relationships

Posted by Ryan Iacoviello

Entrepreneurs seeking to build a Bex Market Maker exchange are faced with the challenge of securing a long lasting banking relationship. To date one of the key fail points in the exchange ecosystem has been this relationship. Given the risk adverse nature of bankers and the uncertain regulatory climate this task can be quite a challenge. This document will focus on the requirements and steps to secure a banking relationship.

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Topics: Banking and Regulatory Information

Market Maker Liquidity

Posted by Ryan Iacoviello

Bex Partners building a Market Maker exchange are tasked with the duty of supplying Crypto and Fiat liquidity to their exchange.  The benefit of this model is that customers can buy and sell coins fast and easy,  without having to match users. In addition you set the price and the transaction fee which is flexible.  Liquidity has been a key issue in the Bitcoin ecosystem in which entrepreneurs are faced with solving.  This document will focus on the avenues and solutions which exist.

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Topics: Banking and Regulatory Information

View a Recorded Demo of the Bex.io Bitcoin Exchange Market Maker

Posted by Kevin Salter

This demonstrates the basic deposit and trade workflow on the Bex.io platform (prototype).

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Topics: Product

What is a Market Maker?

Posted by Alec Korba

Entrepreneurs seeking to build a bitcoin exchange are faced with many decisions about what kind of application they want their product to have. Though the existing white label exchange products today may seem similar, they are built with very different long term applications and will change dramatically over the coming years. This document will focus on the Market Maker.

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Topics: Product