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Author Topic: Bitcoin-Central, first exchange licensed to operate with a bank. This is HUGE  (Read 117569 times)
MyBitcoinMint
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December 06, 2012, 05:14:21 PM
 #21

Will BTC accounts be insured as well? Are there plans to try and incorporate BTC-insured accounts (meaning that BTC accounts will be insured for their equivalent fiat value)?

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December 06, 2012, 05:15:42 PM
 #22

This is fantastic! This might be one of the best ways for Americans to hedge their US dollars and US bank accounts. And it opens up a whole new world of Bitcoin win in Europe.

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December 06, 2012, 05:19:40 PM
 #23

I dont think they can insure BTC funds.
And i think calling this a bank is just a method to get this hyped here, im sure there are alot of restrictions a PSP has compared to a bank.
The IBAN thing looks great tho, but IBAN with just and ID scan??
What will the transfer limits be?

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December 06, 2012, 05:20:55 PM
 #24

Sweet!

I own way too few bitcoins... Sad

This should be posted to the important announcements forum.

Added to the history wiki page.

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December 06, 2012, 05:21:50 PM
 #25

This is fantastic! This might be one of the best ways for Americans to hedge their US dollars and US bank accounts. And it opens up a whole new world of Bitcoin win in Europe.

+1 Exactly what I was thinking.  Monthly deposits that automatically change to crypto "gold" and rise in value.

Watching!

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December 06, 2012, 05:23:01 PM
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Any way you guys can get a valid security certificate? The untrusted connection error is going to hurt your business.

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December 06, 2012, 05:24:15 PM
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This is really cool well done guys but..... I don't like that taxpayers bail out losses. why cant a private insurance company take on this risk?
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December 06, 2012, 05:25:42 PM
 #28

Will BTC accounts be insured as well? Are there plans to try and incorporate BTC-insured accounts (meaning that BTC accounts will be insured for their equivalent fiat value)?

BTC could and should be protected in a BTC-style such as multi-sig account

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December 06, 2012, 05:30:29 PM
 #29

Félicitations! Great news indeed!!

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December 06, 2012, 05:33:54 PM
 #30

Great stuff.  Just sent this news to my G+ and twitter feeds.

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December 06, 2012, 05:34:16 PM
 #31

This is indeed huge and fantastic, thank you!  It sets positive legal precedents and facilitatet spreading Biticoin to grannies and other nontechies.  Bitcoin will benefit greatly from hybrid institutions and services which interface with (and superficially look just like) the legacy banking/money system.  Extend and replace!  Congratulations!
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December 06, 2012, 05:35:35 PM
 #32

Will it be possible for a US citizen to open an account and use direct deposit to buy bitcoins?

Congratulations. Sounds amazing.
To use the services mentioned, debit card etc, do I have to live in the EU, or France, or is it available to everyone?

We won't have limitations regarding the citizenship of our clients.


He asked because the U.S. certainly does place requirements (on banks) for its citizens getting foreign accounts. Mostly it involves getting copies of copious identity documentation and reporting end-of-year summaries to the IRS (U.S.'s tax collection agency). Are you in compliance with these laws specific to U.S. citizens?

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December 06, 2012, 05:38:55 PM
 #33

This is actually the biggest news ever if you ask me. We are talking about operating as a bank here people, that ALLOWS us to transfer money to a REAL account that is expecting money to come in with the sole (semi-sole) purpose of doing BTC to/from Fiat exchange. Wow, congratulations guys, you did something that is actually BIG.

I have a couple of questions:

- You said you are accepting corporate accounts? If so that means that we can open company accounts, get a debit/credit card for such and at the same time exchange BTC on the fly from that account?

- You said everyone gets their own IBAN, which means a bank account. Do we also have internet banking facilities?

Also, I would like to discuss something in private with you, banking wise, can we get in touch over email?

Great news!

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December 06, 2012, 05:41:33 PM
 #34

Is this indeed big news. Congrats!

..and now I've opened an account. Let's see how you guys perform.  Wink
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December 06, 2012, 05:55:26 PM
 #35

Will it be possible for a US citizen to open an account and use direct deposit to buy bitcoins?

Congratulations. Sounds amazing.
To use the services mentioned, debit card etc, do I have to live in the EU, or France, or is it available to everyone?

We won't have limitations regarding the citizenship of our clients.


He asked because the U.S. certainly does place requirements (on banks) for its citizens getting foreign accounts. Mostly it involves getting copies of copious identity documentation and reporting end-of-year summaries to the IRS (U.S.'s tax collection agency). Are you in compliance with these laws specific to U.S. citizens?

They'll be running under the French & EU banking regulations - so the EU/US agreements will be applicable.

According to the IRS website & the US FATCA (ironically apt consdiering :p):

Quote
The Treasury Department has already concluded a bilateral agreement with the United Kingdom. Additional jurisdictions with which Treasury is in the process of finalizing an intergovernmental agreement and with which Treasury hopes to conclude negotiations by year end include: France, Germany, Italy, Spain, Japan, Switzerland, Canada, Denmark, Finland, Guernsey, Ireland, Isle of Man, Jersey, Mexico, the Netherlands, and Norway.


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December 06, 2012, 05:56:39 PM
 #36

Cool!
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December 06, 2012, 05:57:36 PM
 #37

Each account will in a few months get its very own IBAN number, users will be able to use it as any other bank account, have their salaries and pensions sent there and have them automatically converted to Bitcoin if they so wish)
[…]
It's a big day for me and Paymium, and it's a major milestone for this community.
This is fantastic news!  Welcome as my new Euro bank!

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December 06, 2012, 05:58:06 PM
 #38

Baller!!

Understatement. I'm blown away  Shocked
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December 06, 2012, 06:00:52 PM
 #39

chin, meet floor.

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December 06, 2012, 06:01:04 PM
 #40

congratulation, amazing work...I know what it represent!

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