27 Feb '14, 3am

SecondMarket jumps to give legitimacy to Bitcoin via @usatoday

SecondMarket jumps to give legitimacy to Bitcoin via @usatoday

SecondMarket works with regulators to create markets for securities that were previously untradeable. And it's the company's willingness to play by the rules plus its relationships with the big banks and investment banks that have some thinking its involvement could be the credibility Bitcoin needs. "You have to have rules. When people don't follow rules, you get Bitcoin disasters," says Joe Saluzzi, trader at Themis Trading. SecondMarket has dabbled with Bitcoin before. The company already operates a fund that owns Bitcoins that investors can buy into. SecondMarket also operates a Bitcoin trading desk.

Full article: http://www.usatoday.com/story/money/business/2014/02/26/s...

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