Reuters - Bitcoin, the City traders' anarchic new toy
Reuters journalist Naomi O’Leary (@NaomiOhReally
) had been researching Bitcoin since at least February weighs in with her overview of Bitcoin. Excerpts:
“Workers at Morgan Stanley and Goldman Sachs in London and New York have been visiting online Bitcoin exchanges as often as 30 times a day, according to documents seen by Reuters. Neither bank wanted to comment”.
“Employees at almost all the major international banks and numerous trading and investment firms have shown interest”.
“One British businessman in China said he regularly used it to deal with businesses in Asia, Europe and the Americas because of local restrictions on sending currency to foreign companies. ‘I’ve been able to have cash in my bank account in a matter of hours using Bitcoin, rather than three days with traditional banking,’ he said”.
“Quietly, a growing list of businesses are starting to accept it for a wide range of goods, from legal services to food”.
“A spokeswoman for the German Bundesbank told Reuters it was not classifying Bitcoins as e-currency. She said EU law required only euros to be accepted as legal tender, but this was superseded by German law that allows those involved in a contract to determine its content. So Bitcoin is at least not illegal there”.