Post
Topic
Board Exchanges
Re: Bitcoin-Central, first exchange licensed to operate as a bank. This is HUGE
by
Stephen Gornick
on 07/12/2012, 01:33:10 UTC
  • Our user's funds will actually be held at the Credit Mutuel under the user's name, they will be separate from Paymium's funds (on the other hand, all of other exchanges funds for example sit in the same account, and are considered by their bank to be their corporate property)

Bitcoin-Central currently operates a BTC/EUR market and a BTC/GBP market (and still has the BTC/USD market showing on the site, without support for offers currently).  Does this mean GBP, USD and any other funds will be held at Credit Mutuel as well?

  • Our user's accounts will be protected by the "Garantie des dépôts" which is the French equivalent of the American FDIC
Presumably this protection applies to just the EUR balances for each Bitcoin-Central account?[/list]