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05 Nov '12, 3pm

European Central Bank publishes paper on private currencies, cites Austrian ... - Economic Collapse News #bitcoin

European Central Bank publishes paper on private currencies, cites Austrian ... - Economic Collapse News #bitcoin

Last week, the European Central Bank (ECB) released its in-depth report on Bitcoin and virtual currencies. The paper titled “The Relevance of Virtual Currency Schemes for Central Bankers,” which is the first central bank study to look at the emergence of Bitcoin, a decentralized digital currency that is the most widely used virtual currency. The purpose of the report is to clarify, define, classify and address virtual currencies in a “structured approach.” Officials at ECB put virtual currencies into three different categories: closed virtual currencies (Type 1), unidirectional flows (Type 2) and bidirectional flows (Type 3). It also states that virtual currencies have no physical legal tender counterparts, no physical regulations and no government oversight. ECB notes that the issuer is in complete control of the supply management and governing the “scheme.” “Virtual curr...

Full article: http://economiccollapsenews.com/2012/11/05/european-centr...

Tweets

The ECB Report On #Bitcoin: You Can Smell Their...

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This is hilarious. It is the financial sector regulation and supervision arrangements that have brought Europe to its knee...

paper 2 solutions are out. Damn they're fast.

exampaper.com.sg 09 Nov '12, 1pm

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yro.slashdot.org 03 Nov '12, 5pm

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Here is #KeiserReport interviewing @jonmatonis ...

youtube.com 05 Nov '12, 3pm

Close Your browser is not supported by YouTube and it needs to be updated. Learn more . Keiser Report: Jon Matonis on BitC...

BitInstant responds to the European Central Bank's report on Bitcoin and virtual currencies #euro #ECB

BitInstant responds to the European Central Ban...

blog.bitinstant.com 30 Oct '12, 5pm

On Oct 29, 2012, the European Central Bank (ECB) released an official (and very nicely prepared) report called “Virtual Cu...

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defence.pk 05 Nov '12, 6pm

Islamabad—Pakistan again showed its young talent when youngest person invited at World Economic Forum is from Pakistan. Wo...

ECB: "Roots Of Bitcoin Can Be Found In The Austrian School Of Economics"

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forbes.com 03 Nov '12, 3pm

Move up http://i.forbesimg.com t Move down Bitcoin Prevents Monetary Tyranny Jon Matonis Contributor Virtual Currencies an...

ECB: Bitcoin Rooted In Austrian School Of Economics

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financialsense.com 08 Nov '12, 8pm

The ECB (European Central Bank) has produced the first official central bank study of the decentralized cryptographic mone...

Currencies of the Future

lfb.org 13 Nov '12, 7pm

Many people complain about government control of currency, but only a few do something about it. I’m not talking about mov...

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irdial.com 17 Nov '12, 9pm

We will now cherry pick the parts of this report that jump off of the screen. For sure, this report is one of the most ser...

European Central Bank: Virtual Currency Schemes (2012) #bitcoin

European Central Bank: Virtual Currency Schemes...

monoskop.org 01 Nov '12, 10pm

This paper aims to provide some clarity on virtual currencies and tries to address the issue in a structured approach. It ...

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defence.pk 05 Nov '12, 6pm

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libertariannews.org 31 Oct '12, 8pm

In an extreme case, virtual currencies could have a substitution effect on central bank money if they become widely accept...