12 Jul '13, 5pm

Coinbase

A key part of making Bitcoin more respectable is making it harder to use the crypto-currency for money laundering – one of the main things financial regulators care about. And since Bitcoin’s use is inherently anonymous, that leaves the purchase and sale of Bitcoins as the only point of control. We’ve already seen the Tokyo-based Bitcoin exchange Mt. Gox introduce ID checks for sales and purchases, and now we’re seeing a similar move from Union Square Ventures-backed Coinbase — sort of. Coinbase already has a degree of ID verification for all its roughly 180,000 users, in that Coinbase accounts need to be linked with normal bank accounts in order for purchases and sales to take place. Users are also supposed to give their real name and phone number when they open an account. Coinbase’s new system , introduced on Thursday, introduces more hurdles for those wanting to buy re...

Full article: http://gigaom.com/2013/07/12/coinbase-offers-new-id-check...

Tweets

Coinbase Offers Instant Bitcoin Transfers For Verified Users

Coinbase Offers Instant Bitcoin Transfers For V...

techcrunch.com 12 Jul '13, 9am

Coinbase , the Valley darling focused on making it easier to buy, sell, and store bit coin, has made it far easier to buy ...

Instant Bitcoin Purchases at Coinbase

blog.coinbase.com 11 Jul '13, 9pm

Instant Bitcoin Purchases at Coinbase You know what’s really satisfying? Being able to buy Bitcoin without a lot of hassle...

Instant Bitcoin Purchases at Coinbase (The Coin...

techmeme.com 12 Jul '13, 12am

Instant Bitcoin Purchases at Coinbase — You know what's really satisfying? Being able to buy Bitcoin without a lot of hass...

CoinBase opens instant bitcoin transfers for verified customers

CoinBase opens instant bitcoin transfers for ve...

coindesk.com 12 Jul '13, 11am

The bitcoin wallet platform CoinBase has now enabled instant bitcoin purchases. Users will have to undergo identity verifi...

Coinbase makes Bitcoin buying more accessible with ‘instant purchases’

Coinbase makes Bitcoin buying more accessible w...

venturebeat.com 12 Jul '13, 2pm

The purchase of virtual currency Bitcoin has slowly become easier over the years, and now the Bitcoin wallet service Coinb...

Coinbase (YC S12) announces instant bitcoin pur...

blog.ycombinator.com 11 Jul '13, 11pm

Coinbase (YC S12) announces instant bitcoin purchases Big news on the Coinbase blog — instant bitcoin purchases: You know ...

One Third of Kenyans Now Have a Bitcoin Wallet

blacklistednews.com 12 Jul '13, 7pm

Thanks to bitcoin, it's about to become a lot easier to move money in Africa. M-Pesa , a successful mobile money platform ...

One Third of Kenyans Now Have a Bitcoin Wallet

One Third of Kenyans Now Have a Bitcoin Wallet

motherboard.vice.com 12 Jul '13, 4pm

Thanks to bitcoin, it's about to become a lot easier to move money in Africa. M-Pesa , a successful mobile money platform ...