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Euro fears boost virtual currency Bitcoin

From business.financialpost.com

Fearful of the future, Europeans are moving their money out of their banks and dumping it into safe havens such as U.S. Treasuries, Government of Canada bonds — and apparently the virtual currency Bitcoin. ‘We’re getting requests from people saying, can we mail you euros? We can’t do that legally, but they keep asking’ “European volume has been skyrocketing,” said Charlie Shrem, chief executive of BitInstant LLC, a company in New York that enables clients to transfer funds between Bitcoin and U.S. and Canadian dollars, British pounds, euros and other major currencies. According to Mr. Shrem, the sudden rise has been ... (full story)

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