Richmond Hill, Clearly Canadian is a well-known brand in North America. Basically, it is a multi-SKU premium beverage brand, produced by The Clearly Food & Beverage company of Canada. The brand history started in 1987 in British Columbia, Canada. Therefore, it is well known in North America, Scandinavia, and also in different places in Europe and Japan. Clearly Canadian is the 30-year-old company whose production is very famous across the globe. Now, they are going to accept the payments in Bitcoin Canada.
Clearly Canadian knows the evolution of digital technology. At the same time, keeping in view the market trend. The company is going to starts pre-sales to the Bitcoin world. As the Clearly Canadian’s Bitcoin campaign manager Mitch Callahan says, “Just as Clearly Canadian pioneered the new age beverage industry in the ‘80s and ‘90s…bitcoin, in a much more profound way, is poised to change how we all transact business on a global scale and in our daily lives. Clearly Canadian finds that truly exciting and we are proud to be a new emerging member of the bitcoin community.” In addition, manager says, “Online virtual currencies are clearly here to stay – no pun intended”.
The worldwide consuming brand needs high production. Whereas, the company producing exceed in 5 million cases annually. Clearly, Canadian managers said, “We’d like to pre-sell at least 25,000 cases of Clearly Canadian online to the global bitcoin community. personally, I hope we double, triple or even quadruple that goal. Let’s see what happens. Pricing will be in dollars. Whereas, a transaction in bitcoins through BitPay.The leading Bitcoin merchant processing platform. We have a wish to be a long-term merchant in Bitcoin transaction consumer goods. Hopefully, the new currency’s volatility will remain low facilitating greater adoption”.
In response to Canadian manager’s statement. CEO of BitPay Toni Gallipi stated: “Having a globally recognized consumer brand such as Clearly Canadian Bitcoin join the Bitcoin community is a powerful statement about the increasing popularity and growing base of Bitcoin merchants and users. Many are watching the Bitcoin market closely.we hope that this is the first of many established brands. That see the benefits of adding bitcoins to their payment options. We are happy to have Clearly Canadian on board. Accordingly, wish them very best of success in its campaign”.
Before discussing the legality, we’d like you to know exactly what is Bitcoin mining is and how does it work.
Bitcoin mining illegal refers to the process of adding transaction records to a public ledger called Blockchain. In this ledger, every single Bitcoin transaction is recorded, and the record is always open for the public access. The record of these transactions is organized into blocks.
The creation of these blocks is what Bitcoin mining is based on. Every time a new block is created, it is added to the Blockchain for public to see it. However, it does not reveal the identity of parties involved in the transaction.
The block creation is done through solving mathematical algorithms using powerful computers.
So Why Would It Ever Be Considered Illegal?
There may be several reasons as to why people consider it illegal. More than often Bitcoin mining is confused with counterfeiting the money, which is completely false.
You are not counterfeiting your national currency, but rather creating a completely new currency.
Another reason behind some governments opposing Bitcoin is due to it being decentralized. Due to the fact that Bitcoin cannot be regulated or controlled, several governments view it as a threat to their national currencies. Some governments also believe that Bitcoin is actually undermining the government itself by offering non-state currency.
Moreover, the Bitcoin cryptocurrency can be mined illegally. One of the most common examples is the miners hacking your PCs through malware and using their processors to mine coins.
In Which Countries Is Bitcoin Mining Illegal?
The governments all around the globe have a mixed stance on this subject. For example, in Russia, the possession, as well as the use of Bitcoin is illegal. In fact, Russia is considered to be one of the biggest anti-Bitcoin countries out there. Presumably because of the current financial crisis brought about by low oil prices and the sanctions instituted as a result of Russian activities in Ukraine.
Ecuador is another country to oppose Bitcoin, but interestingly enough, has launched its own digital currency. The currency is designed to lower the government’s reliance on fiat currency.
Another country to outlaw Bitcoin is Iceland. Then there are other governments such as Indian government that have made negative comments against Bitcoin but haven’t launched any official bans on the mining/ownership of the currency.
Legal Bitcoin Mining:
The majority of governments seem to be okay with Bitcoin and have not made any negative remarks or launched an official ban as of yet. US, China, South Korea are few to name.
In these countries, you can legally mine the coins by using your own Bitcoin mining hardware and electricity resources. However, stealing the said resources may still result in prosecution.
For more information on mining hardware, Read our guide on how to set up a bitcoin miner.
In all, Bitcoin mining is completely legal and safe for the users. Although there are some countries that have outlawed the currency, many countries remain to be silent on the issue and have passed no legislation for or against the most widely used cryptocurrency.
A prolonged hyperinflation of the Venezuelan bolivar has made it just about unusable. Over the last couple of months, bitcoin has taken control over the country as the primary currency and the citizens have been using the digital currency to buy basic goods, medicine, and other key items.
Patricia Laya, Venezuelan Bureau Chief at Bloomberg, has revealed that the daily limit of country’s ATMs is set at 5,000 bolivars, worth around $0.05. Laya expressed that she had held up 20 minutes in line to get $0.05 in hyperinflated currency worth just about no value.
Because of the deficiency of money and the quick decrease in the valuation of the Venezuelan bolivar, the residents have started to investigate different strategies for payments since the start of 2017. Since the estimation of money has dove and the residents, organizations, and experts have effectively dismissed the cash, the majority of the Venezuelan population has started to opt for alternative forms of money.
Consistently, the fame of bitcoin inside Venezuela has surged, as a rapidly expanding number of individuals have begun to use the digital money as the primary cash, medium of trade, and store of value.
In a meeting with the Associated Press, Venezuelan inhabitant John Villar expressed that he has purchased two plane tickets to Colombia, his better half’s medicine, and paid his workers with bitcoin in the previous month. Villar stated that he plans to keep using bitcoin like the majority of Venezuelans.
“This doesn’t involve politics. This involves survival,” said Villar.
Currently, it is nearly impossible to buy any goods or services with Venezuelan bolivar, given its low value and adoption in the country.
In coming days, Venezuela may become the first country where bitcoin takes over the national currency and becomes country’s main financial system.
But Why Bitcoin, And Not Some Other Currency?
In Venezuela, the majority of the people have lost trust in the government, national bank, and banks. Its currency is almost broken and its esteem has dived to a point where no goods or services can be acquired with it.
Bitcoin is a decentralized and peer to peer currency framework, store of significant value, and a safe haven asset that shows a trustless ecosystem. Anybody inside the system can send and get payments from each other on a shared premise, without the involvement of intermediaries.
In future, bitcoin will probably rise as the real substitute to the declining fiat monetary standards. In the long term, bitcoin could even replace multi-trillion dollar fiat currencies like the US dollar, Japanese yen, and Chinese yuan, if it continues its current development rate and exponential increment in value.
Bitcoin is for the unbanked – and those who’d like to get unbanked. Transferring bitcoins to bank account is not viable, but buying is. There are several exchanges that allow the feature of buying bitcoin with the bank account. The most renowned ones being:
CoinBase is the world’s biggest Bitcoin broker. In the United States, you can purchase bitcoins with an associated bank account by means of ACH bank transfer. In Europe, you can purchase with your bank account by means of SEPA exchange. Buys made with ACH take 5 days for the coins to be conveyed, while SEPA buys take under two days. CoinBase charges 1.49% fee on all exchanges. Americans may include a Visa or Mastercard as reinforcement to unlock instant payments by means of bank transfer.
Bitstamp is one of the world’s biggest Bitcoin exchanges. It makes it simple for Europeans to buy bulks of bitcoins quickly with SEPA bank exchange. Practically anybody on the planet can utilize their bank account to send a wire exchange to Bitstamp. Fees may apply.
Kraken is the world’s biggest euro-designated Bitcoin exchange based on daily trading volume. It underpins bank transfers from US, European, Canadian, British, and Japanese clients and deposits can be made through SEPA exchange and international bank transfers.
So, these are the top three Bitcoin exchanges which allow their clients to buy bitcoins with the bank account. based on your location, choose one that you are most convenient with.
Tags: best place to buy bitcoins, buy bitcoin with bank account
Tor is an open network and a free software which allows people to enjoy maximum level of security and privacy on the internet. Nothing comes close to Tor when it comes to hiding your identity while surfing the internet.
Tor hides your personal identity by routing your system’s internet traffic over several places on the internet. However, there are still some loopholes that you may want to eradicate in order to steer clear from any monitoring agencies.
In this article, we have discussed 5 Do’s and 5 Don’ts to enhance your online safety.
Related: Beginner’s Guide to Tor
Do’s To Increase Your Online Safety:
Anyone who is skeptical of the online privacy should never put his trust into people at the back of the internet such as ISPs, web service providers, government agencies, etc. Tor is the best browser for online anonymity and that’s the biggest reason why we recommend using it.
Update Your System:
Tor is just another software which runs on top of your OS. Meaning that it is only as safe and secure as the system it runs on. We advise you to daily update your OS, Tor client, browser, email clients, instant messaging clients, etc.
If somehow, a hacker is able to get hold of your OS, then even Tor can’t protect your online privacy.
Encrypt Your Data Storage:
Although Tor anonymizes your location, it does nothing to secure the digital data on your computer. Data protection on your system can only be achieved if you keep the data in encrypted form. So, make sure you use a strong encryption algorithm such as LUKS to keep your system from various threats.
Using Tor with Java, Flash, and JavaSript leaves your data vulnerable to attackers. This is because these applications run with user account’s privileges which allow them to access/share your data.
Delete Cookies And Local Data Of Site:
Tor browser hides your real identity using network packets and routes your traffic through numerous relays to protect you from traffic analysis. However, some websites may still be able to track your activities using cookies and data storage. In order to go complete anonymous, make sure your cookies and site’s local data is disabled.
5 Don’ts To Increase Your Online Safety:
Do not use windows:
Windows is simply not best of the choices to improve your online privacy. The OS comes with several bugs and the loopholes that are present in the system and may leave you vulnerable to security issues. Rather use a Linux system for better Tor experience.
Avoid Using HTTP Websites:
The onion router is only a traffic router and does not encrypt the network traffic through the internet. This means that the origin of your network traffic is only anonymized inside the tor network and not outside of it; which results in exit nodes of Tor reading your internet traffic in the form of unencrypted data. The best way to avoid this is using end-to-end encryption such as TLS or SSL while on Tor.
Do Not Use Tor Browser Bundle:
Do not use Tor browser bundle for online privacy under any circumstances. A recent FBI breakdown of freedom hosting (a hidden web hosting service running on Tor network) was only possible due to vulnerabilities of Tor browser bundle. So, make sure you are not using this bundle.
Do Not Use P2P:
Tor network is not built for P2P file sharing as the exit nodes of the network are specifically meant to block file sharing. Plus, downloading torrents is considered abuse to the Tor network as it slows down the speed for other users browsing on the network and increases the threat to your online privacy. So it’s better to not use P2P on Tor.
Do Not Use Google:
If you care about your privacy, do not use Google at all. Google is infamous for collecting user information and browsing data to aid the growth of its ads revenue. The best alternatives to Google for Tor are DuckDuckGo and StartPage.
It’s not easy to steer clear when everyone is after your privacy. Despite all its vulnerabilities and weakness, Tor is still the best privacy tool we have for our online security. However, in order to bypass all these security threats, just follow the Do’s and Don’ts discussed above and you will be good to go.