Topic: Bitcoin-Central, first exchange licensed to operate with a bank. This is HUGE - page 31. (Read 191895 times)

For those of you (and I know you are not insignificant in number here) who think of Bitcoin as a weapon to be used in the war against the establishment I can see that Bitcoin-Central's move may be seen as fraternising with the enemy.  I which case I can see that this is not a service for you.

However, for the rest of us it's a means of potentially integrating Bitcoin more into the normal lives of normal people and in terms of more widespread adoption I can't see (if it really does survive the potential attacks that are being pointed out) that being a bad thing.  To the contrary it will be doing a lot to broaden the userbase and consequently strengthen the project - and we all benefit from that regardless of whether we choose to use the service ourselves.

How did the french manage that? Nice one!! 

Beat them at their own game, that's the way I roll.

Also if they want to lock your Bitcoins they have to define them legally first : no matter the way you look at it Bitcoin wins.

Very good point.

YES. You can, no need for crazy fees to Alternative Payment Processors. If you are concerned with loosing the increased level of anonymity by providing an ID just transfer your coins to a new address and use it for shopping.

You're happily forgiven.

I'd love it too!

I hear you, it's perfectly possible that things go down that way. But hey, there's only one way to find out.
And even if it went that way there would still be another side to the coin, what I see on that other side is massive buzz and raised awareness about Bitcoin.
So even if we go down the drain it will have been useful.

So the other side of the (bit)coin is that the banksters and the eurocrats will know how many bitcoins you have in there, how do you trade them (capital gains? repent!) and above all they will be enabled to lock your bitcoin-backed credit card if you end in some black list of them.
Thanks, but no thanks.
After all these efforts and complications to get out from the banksters' matrix, it is ironic to get back at square 1.

This is massive news.  Yes, you'll probably encounter issues as time passes just like PayPal and Dwolla have and those issues will probably mean that your service needs to adapt its model but someone needed to take that first step forward.

Sorry, I got carried away with the other stuff but what I mainly wanted to say was: That's fantastic news - Congratulations and thank you

IBAN, automatic conversion and dual debit card sounds spot on.

Ideally I'd have my pay go directly in but I'll need to consider the following:

• I think it costs my employer more to do a BACS transfer with SEPA than into a UK bank - I'd need to find out how much.
• The automatic conversion sounds great but the GBP orderbook would need to be a lot more lively because unless there is some serious arbing going on I'd hurt badly on the conversion rate!
• I'd be interested to see too how the costs will work out in withdrawing GBP from an ATM when it's automatically converted from Bitcoin.

This could all be simply too prohibitively expensive for some time but the blocks are all in place and frankly I'm likin' it

So I have opened an account, uploaded my ID sent a handful of Bitcoins and intended to 'do my bit' by offering them slightly cheaper than what's currently there *

But more so than for my own convenience right now I'm really liking this as a step towards integrating bitcoin into normal banking and normal people's lives - makes it look just that little bit less like an outsider only-for-geeks!

I can understand some thinking this is too good to be true and that somehow it will go tits up but it is always the risk for those pioneering the way.  The very best to you with it and I hope your persistence on this will reap you ample dividends in time.

* However, I could only get a glimpse of the GBP order book due to lots of Chrome 'Aw, Snap!' messages necessitating reloads.  In the end I used bitcoincharts.com Market Depth tab to look at your order book and decide on my ask price.  Then found too late I'd somehow flipped back into Euros and ended up making my order in the wrong currency- which of course got snapped up immediately! Doh!!  I am now the proud owner of 62 Euros LOL!  Tip:  maybe something on the order page showing current prices or with the currency more prominent would help?  I guess it's a work in progress and there's still a lot of work to be done on site features and stability?

Main message is still CONGRATULATIONS!

No, I presume they will only sell bitcoins to customers that have gone through all the identity checks. This is a way to get easily get rid of all your bitcoins in your favourite shop, again once you have gone through all the identity checks.  Please correct me if I am wrong.

I don't really think they can, at this point.

So are the people who made this happen aware that hacks happen, and that trading Bitcoin is not just to own, but to day trade. And that day trade volume can reach 100k of USD for instance.

Your competitors will need to lift their game.

You may ask.

No, right now there is no document that we can publish. However we put all the required legal mentions in the footer of the website.

Additionnally you'll be able to see that our EUR bank account information is consistent with what we say when we tell you the funds will be held by the Crédit Mutuel Arkéa.

There should be a joint press release with Aqoba pretty soon which will then be visible here.

May I ask where is the proof of the statement? Any document to back the claim?

You mean I can actually buy Bitcoins now without it being a complete bitch to do?

This is awesome. Signed up because of this announcement. Will definitely be using this account in the fute, can't wait for he debit card

Thank yo ufor all the hard work in getting this sorted.

FTFY (It did not previously make sense in english).

Congratulations BTW!

Also, Megaupload was in violation of existing US law. Until btc has a legal status (is declared legal or illegal)
there is VERY little leverage US has to shut down this business in France.

Great work davout + team!  This is a huge step forward!

Hmm I not the one to dispute that but I would love some clarification, sins you plan to serve us costumers (it seems to me) you have to be compliant with US law as well. What law makes you say that you don't ?

It's funny rt had a related news topic today so let me just link that.
http://www.youtube.com/watch?v=CZS3Mq3kyk4

Edit: Just wanted to add, great job none the less.