03 Mar '13, 9am

Bitcoin Exchange Deal Repatriates Assets To U.S.

Bitcoin Exchange Deal Repatriates Assets To U.S. although the deal for mt. gox bitcoin exchange and coinlab to partner on u.s. customer business was brokered by seattle-based coinlab, it would not have been possible without a solid and willing financial institution in the united states. innovative silicon valley bank stepped up to the plate and agreed to facilitate the u.s. dollar financial flows for individuals and businesses managing trading accounts on bitcoin’s largest floating-rate exchange. for better or worse, this launches the exchange directly into the world of the department of the treasury’s financial crimes enforcement network (fincen) as svb already adheres to those strict reporting requirements. “like any new business we are looking at it very carefully and we are willing to entertain the idea while monitoring the industry closely,” says carrie merrit...

Full article: http://mukpin.com/view.php?k=HpVzxe

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Bitcoin Exchange Deal Repatriates Assets To U.S.

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