For beleaguered bitcoins, Canada is friendly territory

Canada may prove to be a sweet spot for bitcoin, setting it apart from emerging markets where governments are cracking down on the virtual currency.

Tufts University’s Bhaskar Chakravorti isn’t surprised Canada is opening more bitcoin ATMs at the same time that China’s central bank is putting the brakes on it. According to Mr. Chakravorti, bitcoin is on a predictable path to thrive in the West and fail in emerging markets.

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