According to page 20 of their initial public filing they conclude that:
"neither company is eligible to be registered with the Financial Transactions and Reports Analysis Centre of Canada ... There can be no assurance that BitGold’s services or Internet platform will be acceptable to foreign regulatory bodies. Foreign governments may seek to restrict access to BitGold’s services, block BitGold’s website, or impose other restrictions that may affect BitGold’s ability to offer service to new or existing users in those for an extended period of time or indefinitely.
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