Written by Rod Palmer
Windsor, Ontario – Canadian Bitcoin exchange Bull Bitcoin has been caught red handed using the Canadian Postal Service to accept Bitcoin purchase orders that do not require the customer to provide photo identification or any form of identification verification. U.S. intelligence has indicated they believe Bull Bitcoin founder Francis Pouliot is deliberately trying to manipulate the Bitcoin price to $100,000 dollars in Canada before the U.S.
The scheme involves going to any Canadian Post Office, scan the QR code generated on the Bull Bitcoin app, and pay in cash or via debit card. This method doesn't require the purchaser to supply any form of identification proving who they are and that they bought Bitcoin, for government to keep in its official records. "This isn't possible in the U.S." Pouliot told The Bugle.
And Pouliot is right. By employing this method, Bull Bitcoin makes it impossible to know who is buying the Bitcoin and if they're allowed to even buy it. It also makes it impossible to know if the buyers are Canadian citizens or foreign actors using Canadian Bitcoin markets to troll the U.S. "This is a blatant slap in the face to compliance!" Said one U.S. based custodial Bitcoin company. We are trying to present a united front and to show the state that we WILL COMPLY so we can defeat them but this boutique Canadian Bitcoin exchange, probably funded by some maple syrup magnate, is throwing a wrench into things."
So far, Canada is beating the U.S. to $100k but they haven't reached their goal... yet.