New York proposes regulations for virtual currency (Update)

New York became the first U.S. state on Thursday proposed establishing rules for firms involved in receiving, transmitting and storing virtual currency. The proposal by the Department of Financial Services would establish ...

Bitcoin ATM builder targets money-transfer business

In a makeshift office - a living room crowded with desks, monitors and a beanbag chair - programmers are hacking away on computers, aiming to make their mark on the multibillion-dollar financial services industry.

EU bank watchdog warns over Bitcoin

The European Union's banking watchdog on Friday issued a warning over virtual currency trading amid huge swings in the value of Bitcoin, a lack of regulation and money laundering risks.

Bitcoin rises above $1,000

The virtual currency bitcoin Wednesday broke above $1,000 per unit, quintupling in a month, according to Mt. Gox, which manages trading in bitcoin.

US studying risk from online payment providers

The United States is studying the potential risk from online payment mechanisms like PayPal and Bitcoin, a top US Federal Reserve official told an international conference on Monday.

Web games probed over possible child pressure

A watchdog has launched an investigation into whether children face "unfair pressure" to spend money on apparently free web and app-based games, it said Friday.

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