10 Dec '12, 6am

Bitcoin exchange gains backing from French bank

Paymium, the company running Bitcoin-Central, has entered into a partnership with payment processor Aqoba and French bank Credit Mutuel Arkéa, enabling it to create accounts to hold the bitcoin currency. (Stack of bitcoins isolated on white. Computer generated 3D photo rendering image by ppart , Shutterstock ) Bitcoin-Central staffer "davout" announced the partnership on Bitcoin Forum . He said that Bitcoin-Central is now the first bitcoin exchange operating within European regulations. This, coupled with its new partnership, means that Bitcoins would be subject to the same protections as Euros held at the Credit Mutuel Arkéa bank. "Our user's accounts will be protected by the 'Garantie des dépôts', which is the French equivalent of the American [Federal Deposit Insurance Corporation]," davout wrote. Roughly translated as a deposit guarantee fund, the main difference betwe...

Full article: http://www.zdnet.com/bitcoin-exchange-gains-backing-from-...

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