Information Technology Reference
In-Depth Information
table 10.5 (Continued)
Bitcoin exchanges, national and international
Exchange Name
Country
Description If Available
SecondMarket
Holdings Inc.
Creates a market for trading of private
holdings of bitcoin.
The Winklevoss
Bitcoin Trust
Proposed exchange traded fund that
would hold bitcoins; registered with the
Securities and Exchange Commission.
Source:
Material for this table was culled from various
The Wall Street Journal
such
as Deng C. (2014, January 9).
The Wall Street Journal
. p. C2; Sidel, R. (2013b,
November 29).
The Wall Street Journal
. p. C4; Sidel, R. (2014, February 12).
The Wall Street Journal
. pp. C1-C2
; Economist
; and
Newsweek
issues.
table 10.6
international Views Regarding Bitcoin
Country
View
Finland
Central bank views bitcoin as a digital commodity.
Germany
Bitcoin is treated as private money.
China
Clamped down and restricted banks' use of virtual
currencies. People's Bank of China stated that financial
institutions should not take deposits from bitcoin-related
businesses or provide them insurance or custody services.
Chinese regulators will require bitcoin exchanges to file
trading records and take measures against money-
laundering risks associated with the virtual currency.
United States
(New York)
Regulation is slow in coming
a
(BitLicence—set up rules for
virtual currencies).
Russia
Regulations are being tightened.
Canada
Regulating bitcoin usage is being considered.
European
Union
European Commissioner in charge of financial regulation
said that government penalties should apply if unregulated
currencies such as bitcoin are being used to commit fraud or
other criminal activities.
Source:
The Economist
. (2014, February 1). Bitten. p. 62.
Discussed further in the text.
a
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