UK bank customers may have to cover cost of fraud.

What will we do to preserve the legacy system guys ? How about we remove one of the incentives to stay?

https://spiderfinance.com/2016/05/25/uk-bank-customers-may-have-to-cover-cost-of-fraud/

So if I have to be responsible for my online security anyway........

[japanese-retail-giant-rakuten-hints-bitcoin-acceptance]

The Internet revolution is accelerating this year and I imagine that, sooner or later, Rakuten will start accepting money in the form of bitcoin (an internet virtual currency).”

http://www.coindesk.com/japanese-retail-giant-rakuten-hints-bitcoin-acceptance/

likely later rather than sooner - but the pressure is building.

EBA proposes potential regulatory regime for virtual currencies, but also advises that financial institutions should not buy, hold or sell them whilst no such regime is in place

http://www.eba.europa.eu/-/eba-proposes-potential-regulatory-regime-for-virtual-currencies-but-also-advises-that-financial-institutions-should-not-buy-hold-or-sell-them-whilst-n

Decide for yourselves if this is good or bad news - BNP probably happy they didn't win any coins last week though.
Implies that there will be regulation but this might hurt companies operating in the EU in the meantime.

Expropriation by the back door
Proposing the idea that government bonds be allowed to be extended without triggering a restructuring credit event, no reduction in notional or coupon, but maturity extension drops your Net Present Value and is therefore effectively a wealth tax.

http://www.imf.org/external/pubs/ft/survey/so/2014/POL062014A.htm


Coming to a European country near you?

Ebay Expands Accepted Digital Currencies, Says PayPal May One Day Incorporate BitCoin

http://www.zerohedge.com/news/2013-11-03/ebay-expands-accepted-digital-currencies-says-paypal-may-one-day-incorporate-bitcoin


its zerohedge so probably crock - but......