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US watchdog calls bitcoin ''Wild West'' of finance

Last Updated: Tuesday, August 12, 2014, 00:34

Virtual currencies such as bitcoin are the "Wild West" of financial products because of risks including huge swings in exchange rates, the U.S. Consumer Financial Protection Bureau said on Monday.

Bitcoin catches on in tech-savvy Romania

Last Updated: Monday, July 28, 2014, 20:47

In a well-lit office with red window frames in downtown Bucharest, Romania`s first bitcoin ATM attracts many who until it opened in May had to buy or sell the digital currency face-to-face or through wire transfers.

EU banks watchdog advises lenders to shun bitcoins

Last Updated: Saturday, July 05, 2014, 02:14

Banks in the European Union should refrain from offering customer accounts in virtual currencies like bitcoins until regulatory safeguards are in place, the bloc`s banking watchdog said on Friday.

European regulator tells banks to shun Bitcoin

Last Updated: Friday, July 04, 2014, 20:41

Europe`s top banking regulator today called on the region`s banks not to deal in virtual currencies such as Bitcoin until rules are developed to stop them being abused.

Bitcoin pioneer calls for regulatory guidance from EU

Last Updated: Friday, July 04, 2014, 00:51

Europe should update its laws to reflect the rise of digital currencies, the head of a bitcoin start-up said, after a successful U.S. auction of bitcoins was seen as a sign of their broadening appeal.

Ramp up role in Bitcoin, US consumer agency told

Last Updated: Saturday, June 28, 2014, 09:26

The US Consumer Financial Protection Bureau should play a bigger role in shielding people against risks from virtual currencies such as Bitcoin, a government watchdog said on Friday.

Failed bitcoin exchange Mt Gox gets US bankruptcy protection

Last Updated: Wednesday, June 18, 2014, 09:51

The company filed for Chapter 15 bankruptcy protection in March.

Canada gold mine on sale for $2 mn in bitcoin

Last Updated: Friday, June 13, 2014, 09:27

Gold, the hard asset long seen as the ultimate hedge against risk, has fallen so much out of favor in recent years that the owner of a mine in Canada`s historic Yukon gold belt wants to sell the property for$2 mn in bitcoin, a virtual currency.

MtGox operator looks to sell Bitcoin trademarks: Report

Last Updated: Wednesday, May 28, 2014, 14:08

It is also looking for a buyer for the domain name, the paper said, adding it was unclear whether any money from the sale would be used to pay back the creditors of MtGox.

Bitcoin exchange opening for business in Denmark

Last Updated: Tuesday, May 27, 2014, 09:09

Denmark`s first exchange for virtual currencies will open next week, operator Crypto Coins Exchange Denmark (CCEDK) announced Monday.

Bitcoin gang nears 300-mark as more virtual currencies sprout

Last Updated: Sunday, May 25, 2014, 12:34

The digital currency club is nearing 300-mark with new entrants such as Yin, Yang, Speed, Love and Silicon Valley coins sprouting unabated, while the market leader 'bitcoin' recovers from tightened regulatory vigil and collapse of its largest trading platform.

U.S. authorities probe bitcoin exchanges over illegal transactions

Last Updated: Tuesday, May 20, 2014, 10:33

Several bitcoin exchanges including the now-defunct Mt. Gox received subpoenas from Manhattan federal prosecutors this winter as they look into possible ties between the exchanges and the online drug market Silk Road.