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Topic: [2015-09-04] CoinJournal -- Clarity on Barclays and Bitcoin (Read 434 times)

legendary
Activity: 1918
Merit: 1012
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http://coinjournal.net/what-is-going-on-with-barclays-and-bitcoin-we-clear-up-the-noise/

More info than the CCN article, clarifies exactly what the situation is with quotes from Barclays themselves.

"We will be advising charities on how to use bitcoin, to make it work for them, to use it for fundraising and other activities, but none of that is going through any Barclays system, we don’t hold or accept bitcoin. [. . .] We are advising a charity on how to accept or use and make sense of the technology."

This indeed makes sense. It won't be easy for banks to start dealing with Bitcoin, given the regulatory uncertainty.
The first moves on Bitcoin will have to be made by a Central bank; the Commercial banks can act only then.
member
Activity: 75
Merit: 10
http://coinjournal.net/what-is-going-on-with-barclays-and-bitcoin-we-clear-up-the-noise/

More info than the CCN article, clarifies exactly what the situation is with quotes from Barclays themselves.

"We will be advising charities on how to use bitcoin, to make it work for them, to use it for fundraising and other activities, but none of that is going through any Barclays system, we don’t hold or accept bitcoin. [. . .] We are advising a charity on how to accept or use and make sense of the technology."
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