Coinberry CEO Addresses Recent News regarding Einstein Exchange and ezBTC

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The recent news regarding Einstein Exchange and ezBTC came as no surprise to anyone who has been following either one of these companies over the course of 2019 – however that makes it no less unfortunate or disrupting to the cryptocurrency industry in Canada. Every time a business closes doors unexpectedly, consumer confidence is undermined. In the case of Einstein Exchange and ezBTC, regulators and courts also got involved. This makes the situation even more precarious and unnerving. 

Coinberry is different – we are the only FINTRAC registered & PIPEDA compliant digital currency platform trusted by Canadian Government municipalities.

From day one we focused on building a sustainable business in full compliance with regulatory requirements. We have kept our heads down and have always had our members’ interests at heart. We don’t have a bloated staff of hundreds of employees, use grey-hat social media tactics to boost our popularity or misrepresent our volumes. Our team is comprised of business, blockchain, and financial professionals and we’re proudly Canadian. We design, build and own all our technology out of our Toronto office, we have never been hacked and we have never lost a single one of our users’ coins. Furthermore, we undergo rigorous periodic security and financial audits. In fact, we were one of the first crypto companies to register federally with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business (MSB) and one of the first to successfully complete an independent financial audit (Newswire). 

We focus on creating the absolute easiest to use, fastest and safest platform in Canada and the results speak for themselves – earlier this year we made history with our partnership announcement with the Town of Innisfil and then once again with the City of Richmond Hill in August for the processing of tax payments made in Bitcoin.

Coinberry’s groundbreaking partnership with the Town of Innisfil, allowing residents to pay for their taxes using Bitcoin, was covered by over 1000+ media sources around the world!

We work closely with regulators and believe in a robust and compliant ecosystem to the benefit of all Canadians. 

Lastly, we encourage an extremely simple and effective approach – always hold your crypto in your private wallet!

Not your keys not your coins.

We will continue to push and elevate the standards for cryptocurrency trading in Canada as the application of blockchain technology continues to grow and permeate across all segments of the financial sector.

If you have any questions or concerns please do not hesitate to contact us at support@coinberry.com.

Thank you,

Andrei Poliakov

Coinberry CEO & Co-founder