Digital cash: Bitcoin is a virtual currency that is created from computer code.
LONDON: Europe's first regulated bitcoin product – an asset-backed exchange-traded instrument that will invest exclusively in the digital currency – begins trading this week on the Gibraltar Stock Exchange and Germany's Deutsche Boerse.
The Web-based currency can be used to send money instantly around the world, free of charge and with no need for third-party checks. It is accepted by several major online retailers and is used in more than 200,000 daily transactions.
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