Bitcoin News Mash-Up: MasterCard Man; Coinify Expansion; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

MasterCard General Manager Joins BitPay

MasterCard’s Formal General Manager, Marcel Roelants, recently joined the leading Bitcoin payment processing company BitPay. He will be in charge of the company’s affairs in Europe, Middle East and Africa. His responsibility will indeed be more towards the European sector, which currently entertains the maximum number of BitPay users — mainly in Britain, Germany and Netherlands.

MIT Official Criticizes New York Bitcoin Regulation Proposal

After Coinbase, it is the MIT that has raised strong concerns over the upcoming Bitcoin regulation in New York, the BitLicense. Reportedly, MIT’s official Brian Forde, who also heads the university’s Digital Currency Initiatives, wrote in his blog that NYDFS proposal shies from protecting customers from risks while, at the same time, impacts the potential growth of Bitcoin industry.

Coinify Expands to 34 More Countries

Bitcoin payment processing company Coinify recently announced its expansion into the Single-Euro-Payments-Area (SEPA). The decision ultimately brought its services to 34 more countries — including Switzerland — where people can now buy and sell Bitcoin with ease and comfort.

UK Central Bank Participates in Bitcoin Event

The Social Media Leadership Forum organized a round table on Bitcoin and its underlying blockchain technology that was held today in London. Among the major financial institutions that participated in the event are the London School of Economics and Bank of England. The latter had already shown some interest in Bitcoin, when he published an extensive research recognizing some qualities of cryptocurrency and its protocol.