Finland Bitcoin Exchange FinCCX Now Accepts Euros and Stopped USD
FinCCX, a Finland-based cryptocurrency exchange that allows users to exchange regular money for bitcoins, has begun accepting euros. The exchange is no longer accepting U. S. dollars but hopes to resume doing so in the near future. Euro acceptance makes FinCCX one of the few exchanges that allows users to exchange bitcoins for euros, Elena Umanets, FinCCX's marketing manager, told CCN. While FinCCX no longer accepts U. S. dollars, users can continue to trade bitcoins for U. S. currency and have the U. S. currency converted into euros while withdrawing the funds. FinCCX also accepts....
Related News
A group of Finland-based traders has launched a cryptocurrency exchange, FinCCX, to allow users to exchange bitcoins for regular money and vice versa. FinCCX claims by offering lower fees and providing the chance for traders to earn commissions while trading, it delivers an improved user experience to bitcoin traders. Traders can exchange funds in bitcoin or regular currency. FinCCX founders' 20-plus years of trading experience in financial markets allowed them to identify a high demand for bitcoin trading and bitcoins in general among traders, according to Elena Umanets, the marketing....
Finland has sold 1,889 bitcoins seized in narcotic cases for 46.5 million euros ($47.4 million). The country’s finance minister previously said that the bitcoin sale proceeds will go to Ukraine for humanitarian aid and reconstruction as its war with Russia continues. Finland Sells Bitcoin Seized From Narcotic Offenses Finnish Customs (aka Tulli), the customs service of the government of Finland, announced Thursday that it has sold “legally forfeited” bitcoins. “During the summer, Finnish Customs has realized its cryptocurrencies that had been legally forfeited....
Finland has recently started an unprecedented social experiment that will be watched around the world amid gathering interest in the idea of a universal basic income. It has become the first country in Europe to start paying an unconditional monthly sum to its unemployed citizens. During the next two years, 2,000 unemployed Finns, aged 25 to 58, will receive a guaranteed sum of 560 euros. The money will replace the social benefits they have been receiving so far and will be paid even if they find work. Kela, Finland’s social security authority, says that the project is aimed at reducing....
Source: bittiraha.fi. There's a lot of buzz surrounding bitcoin ATMs. Vancouver has one. Stockholm has one. And now Finland has one. It's located in the high-traffic Helsinki railway station. Finnish website bittiraha.fi says they're behind the ATM, and have posted pictures for the purpose of proving so. Henry Brade, CEO of Prasos (the company behind bittiraha.fi) says its the first of its kind in Europe, but Safello may have them beat. The ATM is located inside of a record store called Levykauppa Äx (which apparently already accepts bitcoins), and well, not a whole lot more is known about....
You are what your liabilities say you are. I had the privilege to meet with a very well respected economist yesterday, and he explained this undeniable fact. You are what your liabilities say you are. What does this mean? Let's take a look under the hood of a global giant, McDonald's. A McDonald's franchise in Spain accepts Euros from customers and pays their supply chain, building costs and labor in Euros. McDonald's is a US domiciled company and reports quarterly earnings in USD and ultimately pays their shareholders in USD. At the moment a customer buys a hamburger in the Madrid,....