Convert money in Bitcoin (BTC) to and from foreign currencies using up to date exchange rates.Unless an open blockchain overwhelms other forms of money, I would expect both to survive.
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I could see how the banking industry would attempt to resist the adoption of an open blockchain by favoring such a permissioned blockchain.
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Bitcoin news sources report that OKCoin has effectively suspended US dollar wire deposits in light of AML and KYC banking regulations.It would be very unsuited as a currency exchange because the.
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