
“The Internet Archive Federal Credit Union, an experimental financial institution run by the eponymous nonprofit that archives web history, has established itself as a Bitcoin haven. In contrast to traditional banks, which snubbed businesses built around the virtual currency, the IAFCU basically put up a Bitcoin welcome sign. ‘These are not drug dealers, money launderers, or whatever. These are average folks,’ IAFCU CEO Jordan Modell told Wired. That all changed yesterday, however, when the credit union announced it will be dumping its Bitcoin clients.”
Related posts:
Bitrated: You Can No Longer Say Bitcoin Has No Consumer Protection
Startup of the Week: CurrencyTransfer
QE3 is a Huge Subsidy to the Top 10%.
Obama's Drug Czar Is Lying to You About Drug Courts
Where the Big Players Are Buying Housing
Bitcoin Becomes a Real Job and Wall Street Is Hiring
State of Emergency Declared in Michigan City After Lead Found in Children’s Blood
JPMorgan Report Slams Bitcoin as ‘Vastly Inferior’ to Fiat Currency
Marriage of George Soros Was Officiated By Michael Milken's Judge
Cop who randomly slammed woman to the ground receives threats
China’s bear market won’t last – these two economies show why
Escape From Political Control
Unwise Deepening of an Unnecessary Crisis
Texas woman stripped and jailed over unpaid traffic ticket
Israeli Regulators Take “Wait and See” Approach on Digital Currencies