Coinbase establishes UK Bitcoin exchange and digital wallet service
Bitcoin payments have taken another step on the road to mass usage with an announcement by Bitcoin payment processor Coinbase that it intends to open a UK exchange and online wallet service.
The new facility will enable people to more easily convert Sterling to Bitcoins and vice versa, bolstering Britain’s efforts to be seen as a global hub for the crypto currency, according to Reuters.
This follows government efforts to introduce regulation of digital currencies to boost confidence in the system by applying existing anti-money laundering rules to such services.
It forms part of an expansion strategy by the San Francisco based firm following a successful $75m fundraising drive.