Blog Archives

After customer backlash, Vault of Satoshi eliminates “selfie” requirement

Posted on 17th July, 2014

In an attempt to halt a flood of fraudulent transactions from the Interac payment system, Canadian digital currency exchange Vault of Satoshi (VoS) announced yesterday that it would be adding another layer to its customer-verification process. The concept was simple: Take a selfie while holding up a hand-written note and a government-issued ID. According to […]

Canada’s Vault of Satoshi announces instant deposits, pre-paid debit cards and more

Posted on 22nd May, 2014

Canadian virtual currency exchange Vault of Satoshi (VoS) recently announced several major new services for its rapidly growing customer base. The announcement is the first of two major “Summer Update” announcements, with the second planned in the near future. VoS Director of Marketing Adam Cochran posted the announcements to several popular bitcoin forums, as well […]

Vault of Satoshi re-enters U.S. bitcoin market

Posted on 25th April, 2014

In early March, Canadian virtual currency exchange Vault of Satoshi pulled out of U.S.-based transactions citing the “increasingly hostile” regulatory environment. In the last few months, VoS has focused on building up its Canadian and international presence, and gaining some official banking status after being granted a Money Services Business License last month. Yesterday, the […]

Vault of Satoshi goes beyond audit, announces full proof-of-solvency

Posted on 21st April, 2014

In only a few short months of operation, Canadian cryptocurrency exchange Vault of Satoshi has built a reputation for professionalism in an industry still seen by many as the “Wild West” of finance. Last month, the exchange received a full money transmitter license, giving it equal status under Canadian law to a standard international currency […]

Canada’s Vault of Satoshi granted Money Service Business License

Posted on 26th March, 2014

Earlier this month, Canadian virtual currency exchange Vault of Satoshi announced it was ceasing all U.S. currency transactions due to ongoing issues with regulators. In recent weeks, the exchange has been focused on becoming a legitimate financial institution in Canada, even though there are few formal rules for how bitcoin fits into Canadian banking law. […]

Vault of Satoshi ceases US operations

Posted on 7th March, 2014

Canadian cryptocurrency exchange Vault of Satoshi announced today that it would be halting all U.S. operations, effectively immediately. Citing concerns about the “increasingly hostile” regulatory environment in the U.S., the exchange announced their decision via their Facebook page. The post also mentioned the warnings of Bitcoin Foundation and BitInstant founder Charlie Shrem in a recent […]