New exchange leaves Bitcoin regulation up to Wall Street bankers

“Mere hours after the Japan-based Mt. Gox seemingly vanished from the Internet, a new exchange was unexpectedly announced. SecondMarket, an alternative online marketplace currently operating the world’s largest Bitcoin investment vehicle, declared its intention to introduce a fully regulated Bitcoin trading hub. The decision to announce, according to founder and CEO Barry Silbert, was directly influenced by the turmoil surrounding Mt. Gox.  The new company will reportedly be governed by regulators and major banks, will provide clearing services, and include a self-regulatory organization, similar to the Financial Industry Regulatory Authority (FINRA).”

http://www.dailydot.com/news/secondmarket-bitcoin-trading-mt-gox-wall-street/

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