Yahoo Finance coverage on itBit licence (video interview with Charles Cascarilla, CEO of itBit).
Bitcoin comes to America: Now, with regulated exchangehttp://finance.yahoo.com/news/first-bitcoin-exchange-gets-approval-from-new-york-state-regulators-022427666.htmlitBit has become America’s first national regulatory-compliant BitCoin exchange. On Thursday, the exchange received approval from New York State regulators to form a trust. It can now accept customers from anywhere in the U.S.
Charles “Chad” Cascarilla, CEO of itBit, tells Yahoo Finance’s Aaron Task in the video above that the approval is a big deal because he believes customers can now feel more comfortable with the virtual currency. “We’re regulated. We hold regulatory capital,” he says. “We have regulatory exams and we have someone who is doing oversight of the exchange and can make customers feel as if there is someone else who is looking over what we are doing and making sure customers are in good shape,” he explains.
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