Coinfloor, a new Bitcoin exchange launching in London on Tuesday has banned customers from the US:
- Says its due to diverging regulatory approaches to Bitcoin
- Coinfloor is being marketed as a forum for high-frequency trading in Bitcoin, will open initially only to customers in the UK and Europe
- Coinfloor will allow customers to swap British pounds for Bitcoin, competing with existing exchanges Bitstamp and BTC-E
- The UK’s Financial Conduct Authority has been monitoring the growth of Bitcoin but has decided it is not widely used and therefore does not currently require formal regulation
More detail at The Financial Times (gated, but can be read with a free registration)
