US penalizes developer of virtual currency XRP

San Francisco company Ripple Labs agreed to pay a $700,000 penalty for running a market for XRP, the world's second largest virtual currency after Bitcoin, outside US financial regulations.

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 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.

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.

Central banks warned to weigh risks of virtual currencies

A global financial body warns central banks should carefully weigh the risks before introducing their own virtual currencies, saying such innovations could risk destabilizing banking systems and unleash disruption across ...

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