Isle of Man Welcomes GreenCoinX

Toronto, Ontario, October 5, 2015 – GreenBank Capital Inc (CSE:GBC) (“GreenBank”), the 80% owner of GreenCoinX Inc developers of the world’s first identifiable crypto currency, announces that the Isle of Man government welcomes GreenCoinX to the Isle of Man.

The Isle of Man Chief Minister Allan Bell MHK said:
“We welcome the decision by GreenCoinX to establish its operations in the Isle of Man which reinforces our position as leading the way in the digital currency sector.”

GreenCoinX has now opened its European marketing and international treasury office in Douglas, Isle of Man, and has engaged the services of Alan Molloy as CEO of its Isle of Man operations. Mr Molloy was previously the Managing Director of international services for Duncan Lawrie a British private bank. GreenCoinX will shortly commence its unique global treasury function, which is designed to dampen volatility in the price of the GreenCoinX crypto currency, and will be hiring an estimated 20 new employees in the Isle of Man over the next 18 months. Discussions with the Isle of Man Government have led to the Isle of Man being chosen as the location for these services, with no financial commitment having being made by the Government.

Laurence Skelly MHK, Isle of Man Minister for Economic Development said:
“GreenCoinX has the potential to make a significant difference in the digital currency arena and the Isle of Man Government is very supportive of any organisation that has aspirations such as this, as it matches our own ambitions in terms of high standards and rapid growth.”

Isle of Man Chief Minister Allan Bell MHK further said:
“The Isle of Man has worked hard to establish a reputation as a responsible and innovative international business centre. Consistent with this policy, we are one of the first countries in the world to have amended legislation to apply to digital currency, helping to protect consumers and keep out crime. This clear policy position, coupled with other advantages including the strength of our IT infrastructure and the quality of our financial and professional services, is attracting responsible businesses seeking to operate in the sector. As a result, we have already attracted over 20 businesses to the Isle of Man from all over the world with more considering a similar move.”

Danny Wettreich, Chairman of GreenCoinX Inc, commented:
“The Isle of Man has a superb technological and corporate infrastructure which makes it very attractive as a business location. It also has an enlightened Government attitude that is receptive to finding the best practice in the execution of complex crypto currency issues. In that sense we feel that we have found a kindred spirit.”

About GreenBank

GreenBank is a corporate finance investment business investing in Canadian small cap companies. Its 100% subsidiary GreenBank Financial Inc. is an investment bank focusing on small cap companies. Its 80% subsidiary GreenCoinX Inc. is a software company that has developed a unique identifiable crypto currency. GreenBank owns significant equity stakes in Leo Resources Inc (CSE:LEO), Hadley Mining Inc (CSE:HM) and Zara Resources Inc (CSE:ZRI).
For more information please see www.GreenBankCapitalinc.com or contact Danny Wettreich at (647) 931 9768 or dw@GreenBankCapitalinc.com.

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., raising additional capital and the future development of of GreenCoinX. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release

GreenBank Subsidiary GreenCoinX Enables XGC to Trade on 15 Crypto Currency Exchanges

Toronto, Ontario, September 14, 2015 – GreenBank Capital Inc (CSE:GBC) (“GreenBank”) announces
that its 80% owned subsidiary GreenCoinX Inc, the developer of the world’s first identifiable crypto
currency, and which has XGC as its digital currency identifier, and Crypto Next PLC an international
crypto currency exchange with a “white label” exchange platform that has 14 affiliated exchanges, have agreed that XGC will be added on the Crypto Next platform and as such can be traded on all of its affiliated exchanges.

Crypto Next is based in the Isle of Man, and its exchange affiliates provide digital currency exchanges in multiple languages, multiple currencies, and with secure policies in accordance with Isle of Man regulations.

The exchanges that can now trade XGC are:

Crypto Nextwww.cryptonext.net
CoinQXwww.coinqx.com
Coin Cloud Exwww.coincloudex.com
Birja Monetwww.birjamonet.com
Altbitexwww.altbitex.com

The Crypto Next affiliated exchanges that have yet to complete their review process with respect to trading XGC are:-

BitcoinX Romaniawww.bitcoinxromania.com
UniiFundwww.unii.fund
Stock Digital Coinwww.stockdigitalcoin.com.br
Targe Exchangewww.targoexchange.com
Dollar exchangewww.edollar.international
Bitcoins Greecewww.bitcoinsgreece.com
Bitopiawww.bitopia.io
Banx Tradewww.banxtrade.com
Schillingwww.eschilling.org
Korunawww.koruna.in

As more crypto currency exchanges determine to trade XGC, GreenCoinX will make further announcements.

About GreenBank

GreenBank is a corporate finance investment business investing in Canadian small cap companies. Its 100% subsidiary GreenBank Financial Inc. is an investment bank focusing on small cap companies. Its 80% subsidiary GreenCoinX Inc. is a software company that has developed a unique identifiable crypto currency. GreenBank owns significant equity stakes in Leo Resources Inc (CSE:LEO), Hadley Mining Inc (CSE:HM) and Zara Resources Inc (CSE:ZRI).
For more information please see www.GreenBankCapitalinc.com or contact Danny Wettreich at (647) 931 9768 or dw@GreenBankCapitalinc.com.

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., raising additional capital and the future development of of GreenCoinX. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release

Toronto Introduces Bitcoin ATMs

By: Sunny Freeman
Published by: Huffington Post on 01/26/2014 11:33 pm EST

The best way to strike up a conversation, the attendees at this Toronto meetup are told, is to ask a stranger the rather unorthodox first question: “How did you find out about Bitcoin?”

That’s because this is the first meeting at Bitcoin Decentral, one of Canada’s first physical spaces dedicated to the currency that exists only as software — no bills or coins, despite the name. The unchartered digital currency is free from interference from any central banking authority, financial institution or middle man. Bitcoin and its ilk have been threatening a shakeup in the way disruptive technologies have revolutionized the music, movie and news businesses.

The nearly 100 guests crammed into a furniture-less room include a neighbor who popped in on the way to buy groceries, a designer from across the street who is considering accepting the currency, an early buyer now kicking himself for selling his years ago. And then there’s the crowd waiting to use the newly installed Bitcoin ATM, the second in Canada.

Many here are looking to strike it rich in the digital gold rush: the bitcoin miners looking to share tips on the fastest algorithm-solving instruments, the hardcore fan in his Bitcoin T-shirt and matching cellphone cover, speculators trying decide whether there’s a bitcoin bubble and entrepreneurs swapping insights on the next big cryptocurrency idea.

The building is a metaphor for the digital currency: new, unconventional and full of frenetic energy.

This year is being heralded by enthusiasts as “year of the Bitcoin,” a game-changing moment for broader adoption of digital currency — and Canadians are leading the charge.

“2014 will be a dramatic year for Bitcoin because it will start to hit the mainstream,” said Danny Wettreich, CEO of Toronto-based GreenBank Capital Inc., which earlier this month became the first public company to accept Bitcoin in a private sale of its shares.

“It’s just like the early days of the internet where you have dramatic changes on an annual basis, which significantly improved the system.”

Bitcoin has been around since 2009, when it traded for fractions of a penny. It was thrust into headlines last year after $25 million worth of the virtual money was seized from the illicit vice site SilkRoad. On Monday, SilkRoad came back to haunt the community, when the CEO of a bitcoin exchange in the U.S. was arrested and charged with running an illegal scheme to sell $1 million in bitcoin to SilkRoad users.

But the bitcoin has sparked investors’ interests when it topped US$1,000 in November, a 5,000 per cent appreciation from its $13 ask last January. One bitcoin currently hovers about $900.

The growing community of Bitcoin enthusiasts believes it could revolutionize the global economy, stabilize financial transactions in underdeveloped nations and pose a libertarian challenge to the role of modern governments.

First, however, Bitcoin needs to expand beyond the underground economy to be recognized by mainstream consumers and businesses as more than just a fringe phenomenon.

The last quarter of 2013 saw a significant influx of venture capital investment into Bitcoin start-up companies, a sign investors are “waking up to the growth of Bitcoin,” says Wettreich. He believes that will accelerate this year and once that happens, retailers and consumers will follow.

“As you get more and more acceptance both by consumers and by retailers, the whole thing starts to snowball.”

Vancouver became home to the world’s first bitcoin ATM late last year, with Toronto, Ottawa and Montreal following suit since the beginning of this year — making Canada the top bitcoin dispensing nation in the world. Also in the past 30 days, online glasses retailer ClearlyContacts.ca said it would become the first major Canadian retailer to accept bitcoin, joining hundreds of small businesses across the country.

Some Canadian consumers are eager to get into the digital economy as online currencies trickle their way into the mainstream consciousness. Earlier this month, Vancouver’s Sarah Yu became a local media curiosity when she put her car up for sale for eight bitcoins (about $7,500). Yu said she was surprised that her decision invited so many questions. To her, the currency is a no-brainer “long-term hold.”

“It’s people that are over 40, they don’t understand it, so they bash it.”

After seeing her initial bitcoin purchase already quadruple in value, she is convinced that the sharp appreciation in the currency is a sign not of a speculative bubble but of just how many people are interested.

That used Volkswagen is far from the quirkiest item Canadians are willing to part with for Bitcoins. A Craigslist seller in the GTA will unload a grey parrot for the Bitcoin equivalent of $1,500 (nearly two bitcoins), while a seller in Montreal is selling his skateboard deck for $25 (just a fraction of one bitcoin). Because Bitcoins are virtual, they can be broken down into any denomination, allowing users to purchase a simple cup of coffee using their digital wallet.

Even the Canadian government is taking part in the digital currency game.

The Royal Canadian Mint this month debuted the MintChip — making Canada the only country in the world pushing into the digital currency space.

The mint is consciously working to be “at front end of this curve” in an increasingly competitive area, said Mark Brule, the mint’s chief emerging payments officer.

“Like any new technology, at the front end there are lots of people that will try to be first to market, what survives at the end of the way will be the fittest.”

The Canadian government is taking a wait-and-see approach to Bitcoin, unlike Germany which recognizes it as private money, or, at the other extreme, China, which forbade its banks from dealing in the currency. Earlier this month Canada vaguely acknowledged the existence of Bitcoin, saying only that it does not recognize the currency as legal tender, but it has also declared that it is not tax exempt either.

Regulation is not only a point of contention in the cryptocurrency community, but a paradox as well. The early adopters and ideologists bought into Bitcoin specifically because it is not controlled by governments that can artificially inflate or devalue its worth, while the lack of legal, financial and consumer protections leaves consumers, investors and merchants wary.

Widespread usage in the buying and selling of goods is one of the core characteristics of a good currency. The ability to hold a stable value over time is another.

Bitcoin requires mainstream adoption for it to perform these functions, and that means enthusiasts will have to accept a regulatory framework, says David Descôteaux, associate researcher with the Montreal Economic Institute.

“If Bitcoin wants to be something else than just some marginal phenomenon, it will need some kind of regulations,” he said.

Descôteaux believes the technology behind Bitcoin has the potential for groundbreaking innovation, but he thinks regulation will need to be addressed first. And that question will be one of the central preoccupations in the financial world in 2014.

“The more popular it becomes, the more central banks and regulators realize they have to do something about it. What will it be? That’s the big question,” he said.

“In that sense, 2014 is going to be a very interesting year for Bitcoin.”

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