**EXCHANGE SHUTDOWN** Canadian BitCoin Exchange Cavirtex Goes Down For The Count

[xeroc]

wanna hack bitshares:
- no personal information stored
- no identification documents
- no power off switch
- no single point of failure
- no entrancepoint to a centrally secured database
- no down time (more like a soft down time :) )
- ...

[onceuponatime]

It seems that the problem is at least as much with their bank as with the government. Other Canadian exchange operations have been shut down in the past when their bank closed their fiat accounts.

[BunkerChainLabs-DataSecurityNode]

Another centralized exchange bites the bitcoin dust.

http://www.coindesk.com/bitcoin-exchange-cavirtex-close-amid-security-banking-concerns/

Well this is sorta unfortunate for we Canadians eh?

I don't quite understand the commentaries regarding the Canadian government stand on bitcoin though. They have already weighed in on that and even share in on the CRA website started November 2013 and been updated continually since:

http://www.cra-arc.gc.ca/nwsrm/fctshts/2013/m11/fs131105-eng.html

Pretty clear to me... not a currency.. a barter or a commodity depending on its use.

Seems like Canada is prime for a decentralized solution now.