Press Release: https://www.bitcoinica.com/posts/registered-financial-services-provider
April 20, 2012 —
Today we are announcing some highly anticipated news.
Bitcoinica has completed its corporate reorganization and is now a registered Financial Services Provider, organized under the laws of New Zealand.
Bitcoinica began as an experiment to help investors trade bitcoins with the advanced trading features seen in traditional forex markets. The response has been overwhelming and we are very pleased that we've been able to address this need.
We recognize that it's important to operate in a transparent manner and meet all the requirements expected from a legitimate financial services organization. Therefore we have taken the necessary steps to become a registered provider of the following financial services:
- Providing credit under a credit contract
- Operating a money or value transfer service
- Issuing and managing means of payment
- Changing foreign currency
- Entering into or trading on an exchange
Interested parties can verify our registration on the public website of the New Zealand Financial Service Providers Register.
We are also releasing our Terms of Service which formalizes our responsibilities and reinforces the standards of fair dealing Bitcoinica users have come to expect.
Bitcoinica thanks our customers for your continued support and we look forward to serving you.
Bitcoinica operates one of the most popular Bitcoin trading platforms, with advanced features such as margin trading, short selling and stop orders. Bitcoin users can use Bitcoinica to trade Bitcoins, exchange currencies and receive interests on deposits.