Banks looking to back bitcoin with new exchange

The digital currency is beginning to entice Wall Street

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Global banks and broker-dealers are among some of the organisations that are set to put their name behind a new digital currency exchange that is being set up in New York by online marketplace Second Market.

Due to launch this year, the exchange is aiming to mirror the New York Stock Exchange by having members owning part of the exchange, and anyone looking to trade on the exchange having to do so by going through those members. It will initially launch with bitcoin versus euro and US dollar.

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