Re:Germany Sets Standard for Bitcoin Regulation
by PeterisP on Monday August 19, 2013 @01:52PM
(#6238561)
What do you mean by "all bitcoin companies" ?
This regulation would apply just as normal financial service regulation - to companies that make bitcoin/money transfers on behalf of others, as a payment service provider (like paypal is regulated); that hold bitcoins on behalf of others (like any deposit-accepting bank is regulated) or those that buy/sell bitcoins from public (like currency exchanges are regulated).
This regulation would apply just as normal financial service regulation - to companies that make bitcoin/money transfers on behalf of others, as a payment service provider (like paypal is regulated); that hold bitcoins on behalf of others (like any deposit-accepting bank is regulated) or those that buy/sell bitcoins from public (like currency exchanges are regulated).