Do we know if there are any bitcoin friendly banks in Chile / South America?

The way companies like Coinbase and Safello are handling their fiat bitcoin exchanges are supposedly through direct payments to their partner bank. The benefit of doing this is that they need to hold any funds intermediately. But does anybody know how this works in practice?

So let's say they use the market price for bitcoin a customer wants to buy 2 bitcoins - the price gets locked in - the customer makes a bank transfer to the designated bank and it verified. What happens next - how are the bitcoins coming to the customer?

Anybody know?

Thanks.

For setting up an exchange - a marketplace for matching sellers and buyers of bitcoin - what are the necessary regulation that needs to be in compliance?

Know your customer

anti-money laundering and financing of terrorism act

Is there any other regulation that I'm missing out on? This would be applicable to european exchange and thus not in the US.

Thanks.

Yes, I think what Bitpay is doing appears to be something of an industry practice. I emailed a European exchange and the replied back that they have a liquidity pool with many different exchanges and people they are buying and selling bitcoins from. Which kind of makes sense, I guess by doing that you can get better prices.

How do these liquidity pools work? How would one go about finding one if one is interested of buying and selling bitcoins on a bigger scale?

When "exchanges" or places where you can buy bitcoins for fiat currency actually make that trade - where are the bitcoins coming from? From what I understand many exchanges use a third party retailer to supply the bitcoins to the end-customer, meaning that companies such as Coinbase, Safello, bitstamp and so on buy their bitcoins from another company which then is traded for fiat.

Is that normally how the setup is like?

Who are these third party bitcoin retailers? Does anybody know?

I was listening to a letstalkbitcoin episode a few weeks ago (can't remember which one) and it were a few American guys who had entered a partnership with a Swiss bank and I would assume they also registered the company in Switzerland.

Switzerland seems to be, from a regulatory standpoint, a relative safe bet to register a company that will be dealing with bitcoin transactions such as fiat to BTC and vice versa.

Does anybody here know which Swiss banks that are bitcoin friendly and would be worth contacting for setting up a partnership?

Thanks.

I will be going to Budapest in a few weeks time and it would be nice to meet up with some other bitcoin enthusiasts in the city. I'll be there between 16th - 20th of april. So if you can let's meet up for some [Suspicious link removed] and beer. Feel free to drop me a PM here.

Cheers.

I realized today that Codeacademy.org has transformed to what they now call Starter League and now charge for coding lessons.

Does anybody know another good service where one can learn various coding languages?

Thanks

That actually kind of works.

Thanks for the tip!

Hi,

I would like to compile some nice charts of my own of the exchange rates between the major currencies and BTC. So my question is if anybody knows where I would be able to download the FX data on a daily or weekly basis so it's workable in Excel?

I tried to find it on Blockchain.info but without success.

Any ideas?

Hej!

Är det någon här som skulle vara intresserad av att starta ett projekt inom Bitcoin? Jag har några idéer men det vore kul att bolla med några andra och se om det eventuellt kan leda till någonting man kan genomföra.

Släng iväg ett pm om du har lust!

Thanks yossarian!

I'll be sure to check these ones out.

Since exchanges and buy & sell platforms have been around for a while now where some have been able to stay alive and some have perished for one reason or another. Can we at this stage draw any best practices from a legal point of view of what is need as a legal framework in order to operate as a business - or is this still too early to decipher?

You read almost every week that someone got arrested for money laundering in the news whereas companies such as Coinbase and Mt Gox have yet to seize operations.  

Thanks.

Hi, my German is still a bit rusty so I'll write in English.

Are there any Bitcoin enthusiasts in Berlin at the moment? I'm immersing myself fully in Bitcoin and it would be great to meet up with some other people to share some thoughts on this cryptocurrency and perhaps look for opportunities for starting a Bitcoin related project.

Drop me a PM or write here.

Cheers.