LONDON, July 25 (Reuters) - Europe's first regulated bitcoin product - an asset-backed exchange-traded instrument that will invest exclusively in the digital currency - begins trading this week on the Gibraltar Stock Exchange and Germany's Deutsche Boerse.
The Web-based currency can be used to send money instantly around the world, free of charge and with no need for third-party checks. It is accepted by several major online retailers and is used in more than 200,000 daily transactions.
Its value has been highly volatile, peaking at more than$1,200 in late 2013 before crashing after the collapse of the Mt. Gox bitcoin exchange. It has since stabilised somewhat, trading at around $655 on Monday, up more than 50 percent this year.
http://www.zawya.com/mena/en/story/TR20160725nL8N1AB27PX2/
Topic: [2016-07-25] Europe's first regulated bitcoin product launches in Gibraltar (Read 240 times)
July 25, 2016, 09:06:39 AM
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