Saturday, December 8, 2012

P2P — Monitoring Bitcoin: In France, The First Officially Recognized Bitcoin Bank

According to a post in the Bitcoin Forum, titled Bitcoin-Central, first exchange licensed to operate as a bank. This is HUGE. 
Bitcoin-Central (bitcoin-central.net/) “is getting, through a partnership with Aqoba and the Credit Mutuel, allowed to operate as a bank, (or more precisely a PSP which is basically the same as a bank, just without the debt-money issuing part).”
The feat was achieved by Paymium, a ‘Money over IP’ Bitcoin transfer agency with connections to the French banking regulators. How? Here is the forum post which gives some more detail.
P2P Foundation
Monitoring Bitcoin: In France, The First Officially Recognized Bitcoin Bank
Jon Holmquist


2 comments:

Dan Kervick said...

Great. Anarchist hackers can have their own monetary system. But whole countries in Europe have to use the freaking Euro.

Tom Hickey said...

See it as push back against neoliberalism and the dominance of finance capital through the global financial sector, central banks, and international financial institutions.

This is an issue I am greatly concerned with also. I have written pretty extensively before about the push of privilege for global control especially through finance. Now comes the blow-back.