It's important to do your homework before deciding on
which currency exchange provider to use.
Not exact matches
The proposals extend 4AMLD to «
providers engaged primarily and professionally in
exchange services...»
which suggests companies whose primary business is not
exchanging virtual
currencies, and anyone buying or selling virtual
currency occasionally or just funding a purchase is excluded.
Depending on your credit card's
currency and the country in
which your card was issued, your credit card
provider may impose foreign
exchange fees and other fees
which are in accordance with your arrangements with that credit card
provider.
The bitcoin processing integration was provided by Latin American - focused bitcoin
exchange provider Bitso,
which recently raised an undisclosed seed round led by Digital
Currency Group and launched a payment processing service, BitsoPagos.
There are several different ways to get some, including asking for bitcoins as payment for your services or products,
exchanging regular money in the form of your local
currency (Euros, Dollars, Pesos, etc.) for bitcoins through bitcoin service
providers, and mining (a process in
which bitcoins are extracted and minted with the use of a bitcoin miner software).
In a blog entry today, popular U.S. headquartered digital
currency exchange Coinbase CEO & Co-founder Brian Armstrong discussed how Coinbase is transitioning into a full
provider of cryptocurrency, not just bitcoin,
which of course, is the leading digital asset.
«After the amendment comes into force, professionals and especially
exchange services between virtual and fiat
currencies and custodian wallet
providers will have to comply,
which includes, of course, compliance with the regulations in their country of incorporation,» explains Boland.