Bitcoin Picks: US Regulator Gets Heavy-Handed and Issues Fine against Bitcoin Exchange
News of Microsoft joining the Bitcoin band-wagon adds light to the virtual currency sector despite regulatory fines for a provider
Virtual currencies welcomed the acceptance of bitcoins by one of the largest corporates on the planet, thus supporting the wider campaign of acceptance for the disputed asset class. Also, a further fine for an unregulated provider coupled with some new partnerships made for another eventful week in the world of digital currencies.
Microsoft Accepts Bitcoin through Bitpay
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One of the world’s most recognised technology brands, Microsoft, added a new payment method to its website. Details showed that the firm had indicated on its payments page that it will accept bitcoin to top up a Microsoft account. Bitcoin funds can then be used to purchase apps, games and videos for its Windows, Windows Phone and Xbox systems.
Dutch Provider Extends European Foothold in Romania
Coinzone, an Amsterdam-based Bitcoin payment solutions provider, has recently forged two partnerships that are expected to benefit the adoption of Bitcoin in Romania. The new partnership supports the development among retailers in the developing country.
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Regulator Strikes in Germany–Bitcoins Halted
CoinDesk reports that LocalBitcoins, one of the more popular traditional services for users looking to exchange bitcoins, has suspended its services in Germany. Reports state that Bafin had contacted the provider.
SEC Gets Heavy with Unregistered Bitcoin Exchange
A California man, Ethan Burnside, has been fined a total of $58,387.07 by the Securities and Exchange Commission (SEC) for breaching securities regulations through his operation of several digital currency platforms. Burnside is believed to be involved in the timings of three separate venues, including LTC-Global Virtual Stock Exchange, which offered shares in LTC-Global for litecoin. BTC Virtual Stock Exchange, a bitcoin-denominated securities exchange and LTC-Mining, which sold bitcoin and litecoin-denominated “LTC mining bonds.”
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