.@augustinpradie: Clarification on #Bitcoin situation towards european regulation further to partnership with Aqoba...

Bitcoin-Central

.@augustinpradie: Clarification on #Bitcoin situation towards european regulation further to partnership with Aqoba...

There seems to be some confusion about our recent announcement of a partnership with Aqoba allowing us to hold Euro balances legally. There has been an overwhelming response to this development, unfortunately some of the information quoted by journalists is factually incorrect . This shall serve as a clarification . In short, Paymium is neither a bank, nor a PSP. And it doesn't need to be. Paymium, the company behind Bitcoin-Central has partnered with Aqoba, which is a registered PSP. This allows Aqoba to keep funds on behalf of third-parties in payment accounts ("comptes de paiement") which are different from bank accounts ("comptes de dépôt"). The difference between these is that funds deposited on a payment account may not be used for investments or loaned out. Additionnaly, these accounts have no overdraft capabilities. These accounts will soon get their own IBAN numbe...

Full article: https://bitcoin-central.net/s/aqoba-partnership

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@tek_fin » 20 Jan '13, 8am
RT @rzanolli: .@augustinpradie: Clarification on #Bitcoin situation towards european regulation [link] further to partnership with Aqoba...
@rzanolli » 20 Jan '13, 12am
.@augustinpradie: Clarification on #Bitcoin situation towards european regulation [link] further to partnership with Aqoba...
@AugustinPradie » 20 Jan '13, 12am
Clarification on #Bitcoin situation towards european regulation [link] further to partnership with Aqoba [link]
» 20 Jan '13, 9pm
RT @rzanolli: .@augustinpradie: Clarification on #Bitcoin situation towards european regulation [link] further to partnership with Aqoba...
@KazemWeave » 20 Jan '13, 10am
RT @rzanolli: .@augustinpradie: Clarification on #Bitcoin situation towards european regulation [link] further to partnership with Aqoba...