Bitcoin is coming into its own. After the dark side of abusive website unethical and scrupulous owners, bankruptcies due to mismanagement and cyber hacking, merchants around the world are welcoming Bitcoin.
Coin Desk reports that The Hague has set the date very precisely to be at 17:57 on March 20 the charming city centre along the two canal-side streets will have all of the business owners accepting Bitcoin in a very united effort of a new business enterprise.
Hague represents the seat of International Law where world renowned legal advocates and diplomats come to engage in the issues of the international community. How fitting is it that Bitcoin will become a part of this great international high profile community?
There are nine restaurants and one art gallery who will participate in this venture on what is known as Bierkade and Groenewegje strasse but will be renamed to Bitcoin Boulevard.
The ‘Night Mayor’ who oversees the evening activities of this highly tourist and business clientele will buy with Bitcoin the first purchase of the night. The idea for this Bitcoin marketing came from Hendrik Jan Hilbolling and his two business friends and fellow Bitcoin enthusiast, Peter Klasen and Henk van Tijen.
These three organizers are in the software sector by day job. They understood and explained to the business owners the low fee cost of Bitcoin which is far less than the 2-3% and sometimes higher for a credit card purchase. The function ease and money practicality of attracting international globe-trotting tourists and business people became apparent in value.
On March 20 at the end of the evening there will be a Bitcoin contest with a winner of who has spent the most in bitcoin crypto-coin and the restaurant who has accepted the most in bitcoin crypto-currency. There is a five-star Michelin restaurant, a vegan and a Happy Hour restaurants along with a Biergarten to provide an opportunity to spend bitcoin for food and fun. the winners will be on the advertising screen of the city.
Henk van Tijen explained, ‘This event is not just for nerds like ourselves, but for the regular moms and pops, kids and students. The purpose is to make it for a more broad audience.’
Luxembourg is entering into Bitcoin as The Commission de Surveillance du Secteur Financier (CSSF), the government body responsible for financial regulation in Luxembourg, has issued a statement that interested parties may submit to the CSSF a request to allow transactions in Bitcoin. Each case submitted will be reviewed individually.
Luxembourg is a financial center of Europe and home to several EU agencies. It is a very common place for European and international business. Since there are many Bitcoin business models of some performing merchant transactions and some in the business as an exchange, Luxembourg regulators have shown for the first time a statement of interest on how to proceed with these various business groups.
In New York City, New York’s Superintendent of Financial Services, Benjamin M. Lawsky, has confirmed that the state is now accepting applications for the digital currency. He was a supporter back in January when he and his group reviewed Bitcoin and saw the merchant savings and ease of international transaction. Lawsky thought the benefits credible and deserved an opportunity for Bitcoin.
Regulations will be in effect at the end of the second quarter of 2014. Lawsky stated that interested firms may submit applications. He reminded all potential Bitcoin applicants that, turning a blind eye and failing to put in place guardrails for virtual currency firms while consumers use that product is simply not a tenable strategy for regulators.’
To view more on Bitcoin see the list below in the Author’s suggestions and view the video atop this article with N.Y. State Superintendent of Financial Service, Benjamin Lawsky.
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