Catch up on stories from the past week (and beyond) at the Slashdot story archive


Forgot your password?

Slashdot videos: Now with more Slashdot!

  • View

  • Discuss

  • Share

We've improved Slashdot's video section; now you can view our video interviews, product close-ups and site visits with all the usual Slashdot options to comment, share, etc. No more walled garden! It's a work in progress -- we hope you'll check it out (Learn more about the recent updates).


Comment: Bitcoin Central is NOT a bank or PSP (Score 1) 84

by fisf (#42226039) Attached to: Bitcoins Join Global Bank Network
As usual the summary is incorrect. But then so is the BBC article and it also vastly simplifies the regulatory framework defining what it means "to operate as a bank" (or even a PSP) -- anybody with more than a month within the finance industry could have told them that. There are various types of bank licenses for different kinds of businesses that very clearly define what you are allowed to do and under what kind of regulations. The term "bank" is too imprecise in that regard. But anyway, Bitcoin-Central is neither a PSP nor a bank and they have put up the corresponding clarification on their website: "In short, Paymium is neither a bank, nor a PSP. And it doesn't need to be."

Sigmund Freud is alleged to have said that in the last analysis the entire field of psychology may reduce to biological electrochemistry.