Bitcoin going mainstream? Exchange approved to operate as a bank

Bitcoin Central, a Bitcoin exchange that is popular in the eurozone, says it has secured approval from regulators to operate as a bank under French law. The announcement could be another sign of the cryptocurrency's growing legitimacy. The news was announced in a Thursday post on the Bitcoin forums. A representative for Paymium, the French company that runs Bitcoin Central, said the firm had partnered with the French payment processor Aqoba and the French bank Credit Mutuel to create a Bitcoin-based payment service. Users will be able to deposit funds in either euros or bitcoins, and to easily convert between the two. Approval by the French authorities has several key advantages, according to Paymium. Euro-denominated funds will be insured by the Garantie des dépôts, the French equivalent to the US FDIC. The accounts will also be integrated with the French banking system, ...

Full article: http://arstechnica.com/tech-policy/2012/12/bitcoin-going-...

Tweets

@ptit_fred » 15 Dec '12, 8am
Bitcoin going mainstream? Exchange approved to operate as a bank | Ars Technica [link] cc @ppezziardi
@onqdigital » 13 Dec '12, 4am
Online black market's favourite digital currency to be legitimised under French law: [link]
@RADVT » 13 Dec '12, 2am
RT @belganon: Bitcoin #BTC going mainstream: Exchange approved to operate as a bank [link] @tijd
@iTibz » 12 Dec '12, 10am
RT @readmatter: A French exchange for bitcoin, the virtual currency, has been approved to operate as a bank. What happens next? [link]
» 12 Dec '12, 10am
Le Crédit mutuel acceptera-t-il les bitcoins? [link]
@readmatter » 12 Dec '12, 10am
A French exchange for bitcoin, the virtual currency, has been approved to operate as a bank. What happens next? [link]
@_An_Al_ » 10 Dec '12, 9pm
Bitcoin #BTC going mainstream: Exchange approved to operate as a bank [link] @tijd
@MobDonkey » 10 Dec '12, 7am
#Bitcoin Exchange to operate as licensed bank [link]
@japhychron » 10 Dec '12, 2am
@Peter_Atwater Would love to get your take on this: [link] @Minyanville
@lebofsky » 09 Dec '12, 10pm
“@thepaymentsguy: Bitcoin France approved to operate as a bank! [link]” see u all in the deep web.
@pesmou » 09 Dec '12, 8pm
RT @thepaymentsguy Bitcoin France approved to operate as a bank! [link] #payments #disruption
@forex1288 » 09 Dec '12, 3pm
RT @CGarison: BitCoin looking to become an official currency in France. [link]
@CGarison » 09 Dec '12, 3pm
BitCoin looking to become an official currency in France. [link]
@wws_hideki » 09 Dec '12, 1am
#en #bitcoin This is a big step into having it exposed to the 'real' public... Seems bitcoin is moving forward fast [link]
@scottkinnaird » 08 Dec '12, 9pm
RT @nextwavefutures: MT @bowbrick: #4futr currency news. Bitcoin bank in France [link] Irananians adopt it as Rial collapses.[link]
@forex1288 » 08 Dec '12, 9pm
RT @nextwavefutures: MT @bowbrick: #4futr currency news. Bitcoin bank in France [link] Irananians adopt it as Rial collapses.[link]
@changeist » 08 Dec '12, 9pm
RT @nextwavefutures: MT @bowbrick: #4futr currency news. Bitcoin bank in France [link] Irananians adopt it as Rial collapses.[link]
@nextwavefutures » 08 Dec '12, 9pm
MT @bowbrick: #4futr currency news. Bitcoin bank in France [link] Irananians adopt it as Rial collapses.[link]
@justinpickard » 08 Dec '12, 9pm
RT @bowbrick: Wild alt.currency news. A Bitcoin bank in France [link] and adopted by Iranians to bypass collapsing Rial [link]
@bowbrick » 08 Dec '12, 9pm
Wild alt.currency news. A Bitcoin bank in France [link] and adopted by Iranians to bypass collapsing Rial [link]
@KingOfWrong » 08 Dec '12, 2pm
RT @blindcyclists: Bitcoin exchange gains French banking licence. [link]
@blindcyclists » 08 Dec '12, 2pm
Bitcoin exchange gains French banking licence. [link]
@PanBobek » 08 Dec '12, 1pm
Bitcoin for masses [link]
@GFelici » 08 Dec '12, 11am
RT @TechBrunchFR A Bitcoin exchange became a Payment Service Provider in partnership with French Aqoba & Credit Mutuel [link]
@digitaliafm » 08 Dec '12, 11am
Bitcoin going mainstream? Exchange approved to operate as a bank | Ars Technica [link] via @kippt
@RichardGupta » 08 Dec '12, 9am
“@arstechnica: Bitcoin going mainstream? Exchange approved to operate as a bank [link] by @binarybits” In Satoshi We Trust
@directrix1 » 08 Dec '12, 8am
Awesome. The more consumer confidence in cryptocurrency the better. [link]
@Megalev » 08 Dec '12, 8am
[link] a #Bitcoin exchange approved to operate as a bank @klh7600 @arstechnica
@K_T_Jenkins » 07 Dec '12, 11pm
French bitcoin exchange partnered with bank creates payment service, French 'FDIC' support. Official Eruo alternative? [link]
@SEMiotic5 » 07 Dec '12, 10pm
So now that Bitcoin has taken steps to enter the regulatory mainstream, what will it take for you to adopt? [link] #in
@purushivha » 07 Dec '12, 9pm
RT @seapollo: ビットコインの交換所：ビットコイン・セントラルが、フランスの法律で銀行として活動する許可が出たというニュース。たいしたもんだ。詳しくはこれから読みます。 [link]
@DirectPayNet » 07 Dec '12, 9pm
#Bitcoin goes mainstream as #BitcoinCentral gets approval to operate as a bank under French law. [link]
@HostelVegan » 07 Dec '12, 8pm
Bitcoin going mainstream? Exchange approved to operate as a bank: The news was announced in a Thursday post on t... [link]
@v_x » 07 Dec '12, 8pm
Вау! Bitcoin going mainstream? Exchange approved to operate as a bank [link] А у вас есть криптовалюта? #fb
@seapollo » 07 Dec '12, 8pm
ビットコインの交換所：ビットコイン・セントラルが、フランスの法律で銀行として活動する許可が出たというニュース。たいしたもんだ。詳しくはこれから読みます。 [link]
@Perficient_FS » 07 Dec '12, 8pm
Bitcoin going mainstream? [link] #payments
@Chongelong » 07 Dec '12, 7pm
RT @japi999: Interesting. Bitcoin Central has got approval to operate as a #bank under French law, [link]
@japi999 » 07 Dec '12, 7pm
Interesting. Bitcoin Central has got approval to operate as a #bank under French law, [link]
@theoryshaw » 07 Dec '12, 7pm
Hmm interesting: "Bitcoin going mainstream? approved to operate as a bank" [link] what is Bitcoin: [link]
@justmebeingme4 » 07 Dec '12, 7pm
RT @Ramisms: Ummm... wow? -- #Bitcoin going mainstream? Exchange approved to operate as a #bank [link]
@Ramisms » 07 Dec '12, 7pm
Ummm... wow? -- #Bitcoin going mainstream? Exchange approved to operate as a #bank [link]
@shawn_r_dunn » 07 Dec '12, 7pm
Want an electronic currency that is like cash in terms of how it can't be tracked? Bitcoin poss becoming mainstream [link]
@jjmdirector » 07 Dec '12, 6pm
RT @Wolverineks: Is Bitcoin Going Mainstream? [link] #bitcoin
@FahdHussein » 07 Dec '12, 5pm
RT @papersplx: Bitcoin Central gets approval under French law to operate as a bank [link]
@ccordeiro14 » 07 Dec '12, 5pm
Almost lost money with this RT"@normative: Bitcoin going mainstream? Exchange approved to operate as a bank [link]"
@papersplx » 07 Dec '12, 5pm
Bitcoin Central gets approval under French law to operate as a bank [link]
@smart_ticker » 07 Dec '12, 5pm
RT @CFFever: Future of money? #bitcoin [link]
@Akido37 » 07 Dec '12, 5pm
But not PayPal. The world is weird. RT @normative Bitcoin going mainstream? Exchange approved to operate as a bank [link]
@lachlan » 07 Dec '12, 5pm
RT @normative: Bitcoin going mainstream? Exchange approved to operate as a bank [link]
@FrancoisFort » 07 Dec '12, 5pm
Amis banquiers et Startupers Bitcoin est à surveiller comme le lait sur le feu [link] #disruption