Mar 14, 2018
Bitcoin exchange in banking tie-up with Barclays
A major bitcoin exchange has struck a banking relationship with Barclays, a move that marks a break in the ranks of UK lenders who have been shunning the cryptocurrency industry as it comes under growing scrutiny from regulators. The US Securities and Exchange Commission is increasingly warning that many digital tokens traded on exchanges act like securities, which would place those exchanges under its mandate. Many banks have shunned relationships with start-ups that handle cryptocurrencies like bitcoin, concerned by their perceived links to crimes from money laundering to terrorism financing. The company had spoken to "Tens" of banks before striking an agreement with Barclays, Mr Feroz said. Last month, Circle bought a US cryptocurrency exchange called Poloniex.
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