The informal exchange group The Bitcoin Foundation opens office in LondonThe group of informal exchange of Bitcoin Bitcoin known as The International Foundation announced its territory to London where he opened an office managed by Jon Matonis , executive director of the company expansion.
" Bitcoin is an open source protocol with global presence," said Matonis in a statement . "We are experiencing rapid adoption across the world and we are excited to welcome Bitcoin Bitcoin Foundation Association Australia and Canada as our first two affiliated branches . Added to this , we are in talks with India and Argentina and we have received strong interest from collaboration of countries like China, Germany and Holland. "
It is strange that the executive mentions China in the document , as the central bank of the country banned all transactions conducted through Bitcoins for fear of being used as a method of money laundering, which adds to the concern that the virtual currency can cause financial instability.
Since its inception, The Bitcoin Foundation memberships have grown to 1,000, 50 % of whom are members who live outside the United States.
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