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Topic: EU to declare bitcoin as 'overlay currency' - page 3. (Read 7622 times)

legendary
Activity: 3431
Merit: 1233
September 03, 2011, 01:41:51 PM
#7
Help I'm an ignorant American... what is an "overlay currency" in the EU??
Overlay manager is a firm that is managing your currency hedging against currency exposures, not only in EU. So, currency overlay is the process or practice of hiring such firms. But I've never heard about overlay currency. Bitcoin as 'overlay currency' sounds like overcoin to me.  Smiley
legendary
Activity: 1148
Merit: 1001
Radix-The Decentralized Finance Protocol
hero member
Activity: 812
Merit: 1001
-
September 03, 2011, 01:08:28 PM
#5
.
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
September 03, 2011, 01:02:29 PM
#4
Help I'm an ignorant American... what is an "overlay currency" in the EU??
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
September 03, 2011, 12:50:24 PM
#2
Any link to that?
sr. member
Activity: 294
Merit: 250
September 03, 2011, 12:49:36 PM
#1
Quote from: genjix @ IRC
joepie91: there is going to be an EU directive for bitcoin
elaborate?
they're going to classify it as an overlay currency
but EU directives are slow. they can take months or years (especially with finance)
doesn't look like the FSA are going to make any ruling right now, but if they do it's highly speculative what they'll rule bitcoin as (it could be a store of value)
joepie91: feel free to attribute that to us.

Posted here on request of genjix Smiley

EDIT: For those who can't immediately recall who genjix (Amir Taaki) is, he's part of Bitcoin Consultancy / #bitcoinconsultancy / Britcoin / Intersango. Don't think there's really any other source yet.
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