[2016-07-26] NDTV: Europe's First Regulated Bitcoin Prod Launches In Gibraltar

[polynesia]

Europe's First Regulated Bitcoin Product Launches In Gibraltar

http://profit.ndtv.com/news/forex/article-europes-first-regulated-bitcoin-product-launches-in-gibraltar-1436089

Europe's first regulated bitcoin product - an asset-backed exchange-traded instrument that will invest exclusively in the digital currency - begins trading this week on the Gibraltar Stock Exchange and Germany's Deutsche Boerse. The Web-based currency can be used to send money instantly around the world, free of charge and with no need for third-party checks. It is accepted by several major online retailers and is used in more than 200,000 daily transactions.

Its value has been highly volatile, peaking at more than $1,200 in late 2013 before crashing after the collapse of the Mt Gox bitcoin exchange. It has since stabilised somewhat, trading at around $655 on Monday, up more than 50 per cent this year.

[polynesia]

Covered by Times of India as well.

http://timesofindia.indiatimes.com/tech/tech-news/Europes-first-regulated-bitcoin-product-launched-in-Gibraltar/articleshow/53383915.cms