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More companies are accepting "altcoins" such as Litecoin and Dogecoin in addition to the more common Bitcoin, showing that even silly currencies based on Internet memes can open merchants to new markets of consumers.
April 10 -
A bitcoin ATM is coming to South Carolina the state's first machine will be installed Thursday at the College of Charleston TD Arena.
April 10 -
Bankers are kidding themselves if they think bank-like supervision will ultimately catch up with nonbanks. Expect to compete on the current playing field, however uneven it may be.
April 14
Compliance software vendor Strevus is adding support for bitcoin and other cryptocurrencies to its products.
As more companies choose to accept digital currencies in their business transactions, eventually they will have to comply with various banking regulations, including know your customer, anti-money laundering and other anti-fraud rules, Strevus explained in a press release.
Experts predict "
The company is one of
Strevus has built a customizable platform that allows financial organizations "that currently trade or plan to trade in bitcoin" to manage and track these assets while maintaining full compliance with existing business and tax requirements, including the Patriot Act, "which will likely be enforced by regulators in the future," according to the release.
The goal is to enable digital currency users to achieve "institutional-grade regulatory compliance for their trade network," Hoang added.