Bitcoin Now Legal Unit of Currency in Germany
The German Finance Ministry has recently recognized the online currency bitcoin as a legal unit of currency. The move improves the virtual currency's image, and may be considered a necessary step in the acceptance of this new currency. This link details this recent news item.
Also, Canada regulators have recently taken a lighter view of the bitcoin currency as reported by Jeremy Kirk in the IDG News Service who reported "Canada's lighter view of bitcoin could make it easier for fledgling bitcoin start-ups, which would be saved the expense of meeting government reporting requirements".
CSS has been intimately involved in a key aspect of bitcoin technology development. Engineers at CSS developed a significant custom chip than can be used for bitcoin mining. The chip was designed in 65nm digital technology by Engineers at CSS and is being fabricated Global Foundries. Each chip is capable of performing 3 G-Hash/sec at about 10 watts. This is the worlds fastest and most efficient ASIC for bitcoin mining available today.
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