The European Banking Authority (EBA) released a report today strongly recommending that banks and other financial institutions hold off on any direct investment in bitcoin or other cryptocurrency until regulators develop stronger protections for their use. The EBA identified a list of 70 risks associated with digital currency, including well-known concerns such as fraud, money […]

Online financial-services provider Fidor Bank announced a new partnership with European bitcoin payment processor BIPS, further increasing it’s “peer-to-peer banking” network. Earlier this month, Fidor announced it would be integrating the decentralized, “currency agnostic” trustless exchange system developed by Ripple Labs, but the BIPS partnership is the first true cryptocurrency connection for the Germany-based bank. […]