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Bitcoin, you see, is only just beginning to find its feet, and the world’s financial regulators are still struggling to come to terms with this multi-faceted online creation. If you launch an exchange or some other operation that transfers bitcoins from place to place, you’ll have to jump through all sorts of regulatory hoops — and you can’t quite be sure what those hoops will be. Just ask Mt. Gox, the most prominent Bitcoin exchange, whose operation has been severely hampered as it runs into regulators here in the U.S.
In the end, Crispini didn’t build his new exchange. What the world really needed, he decided, was something that could help pave the way for all exchanges and other Bitcoin transmitters.
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