Saturday, May 11, 2013

Bitcoin – to regulate or not to regulate? And by whom?

Bitcoin – to regulate or not to regulate And by whom - asicminer, asic miner, free bitcoins, best free bitcoin 2013, free bitcoin list, bitcoin atm, terrahash mining
BY SANDRA KILHOF NIELSEN PUBLISHED 08 MAY 2013 8:48. The virtual currency Bitcoin has pretty much taken the world by storm since it’s launch in 2009. With impressive value growth, the currency has quickly become a popular choice for traders and investors. Some have even suggested that the Bitcoin and other virtual currencies could be the saving grace for countries in dire economic straits.

In March, the world’s first Bitcoin ATM was opened on Cyprus after banks had been closed for a week. The ATM allows customers to deposit “real money” into a Bitcoin ATM in exchange for bitcoins and vice versa – making the virtual currency, a very real option for those who didn’t have access to money during the Cypriot crisis.

So seemingly, the cyber-currency seems to be taking off. Stateless and bankless, Bitcoins are not subject to regulation or fees, and therefore enjoy extreme volatility, according to its proponents. But according to regulators, this is exactly the problem. - Read more here:

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1 comment:

  1. The Bitcoin ATM Card will, in practice, function just like any other debit card: swipe, type your pin and get a receipt. Bitcoin ATM Card will then be automatically transferred from your Bitcoin ATM Card wallet to the vendor's.