08 Dec '12, 7am

Bitcoin exchange wins right to operate as a bank

A website that swaps real-world currencies for decentralised virtual bitcoins has been granted the status of a bank. Bitcoin-Central made a deal with French financial companies Aqoba and Credit Mutuel to grant it the status of a "payment services provider". This makes it easier for its customers to use bitcoins, and gives the exchange a series of protections. The website will now be able to issue debit cards and carry out real-time transfers to and from other banks. Bitcoin is a peer-to-peer currency that first emerged around 2009 and began to gain popularity in 2011. Its distributed, decentralised structure is designed to be both resilient and reliable, and its supply completely predictable. At the time of writing, a bitcoin is worth around £8. Customers of the exchange will now be able to transact with their bitcoin accounts like a regular bank account, and will also be ...

Full article: http://www.wired.co.uk/news/archive/2012-12/08/bitcoin-bank

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Bitcoin-Central has won the right to operate as...

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Bitcoin exchange gains clearance to operate as a real bank in France

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techmeme.com 08 Dec '12, 5am

Paul Kedrosky / @pkedrosky : @danprimack That piece of yours is a really roundabout way of saying you agree that SEC rules...

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bbc.co.uk 07 Dec '12, 5pm

7 December 2012 Last updated at 17:07 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print V...

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General discussion about the Bitcoin ecosystem that doesn't fit better elsewhere. News, the Bitcoin community, innovations...

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bbc.co.uk 07 Dec '12, 5pm

7 December 2012 Last updated at 17:07 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print V...

Bitcoin digital currency site to operate like bank in France: A website that trades in a type of virtual currenc...

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cbc.ca 07 Dec '12, 10pm

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