The UK government says it will assess the benefits and risks of unregulated digital currencies, a move which one expert says is a play to siphon investment and jobs away from the US and other markets.
The self-regulated island in the English Channel wants to be a leader in accepting Bitcoin.
Without any regulatory or government oversight, the government forbids commercial banks to provide customers with the cryptocurrency.
The company's service allows consumers to swap established currencies for the digital kind without the speculating inherent in trading exchanges.
The online-payments company is testing the waters by partnering with other companies willing to process transactions using the digital currency.
Company marketed specialized computers designed to produce the cryptocurrency but delivered useless machines, according to an FTC complaint.
Coin Center, a newly created research and advocacy center, will focus on public policy issues faced by the virtual currency.
Bitcoin wallet and exchange says its expansion will increase access and adoption of the digital currency across Europe.
A deal to allow bitcoin as payment would apply only to eBay's PayPal Braintree business and not to eBay itself or to its PayPal subsidiary, says The Wall Street Journal.
Overstock's chief executive tells Reuters he expects the site to do $1 million in bitcoin sales per month by the end of this year.