Original title: Bitcoin-Central secures PSP license
New title: Bitcoin-Central backtracks on PSP claims (2012-12-10)
2012-12-07
http://www.finextra.com/News/FullStory.aspx?newsitemid=24361A European Bitcoin exchange says that it has secured a license to operate as a payments service provider (PSP), bringing the crypto-currency into the formal economy.
...
Acknowledging that moving into the formal system is at odds with the libertarian ideals of some Bitcoin users, the firm says: "Some people might argue that regulation is a bad thing. We respect this opinion, but we'll have to agree to disagree."
2012-12-10 - article updated.
A European Bitcoin exchange has moved to "clarify" claims that it has secured a license to operate as a payments service provider (PSP), bringing the crypto-currency into the formal economy.
Update
Bitcoin-Central has now backtracked on its original claims, revealing that it has not become a registered PSP but will offer the new services thanks to a partnership between its parent company Paymium and Aqoba, which is a registered PSP.
Says a statement: "It is still a big development for a Bitcoin exchange to be able to operate legally within the European regulatory framework. Bitcoin-Central is leading the way in this respect. But we're neither a bank, nor a PSP. And we intend to keep it that way."
Finextra describes itself as:
"Online community and newswire for the global financial technology sector"
and
"the leading independent newswire and information source for the worldwide financial technology community."
It often reports snippets regarding Bitcoin.
