Italian auction house to become world’s first to accept Bitcoin

이탈리아 경매업체, 비트코인 결제수단 세계 최초 인정
For the first time, an Italian auction house says bidders at its next sale will be able to settle up in Bitcoin.
There seems to be no stopping Bitcoin,… despite growing concern among world governments over their lack of control over the currency
Won Jung-hwan tells us more.

At the beginning of next week, about 600 Italian and foreign objects, mostly furniture, will go under the hammer at Sant’Agostino where payment in the world’s top cryptocurrency will be allowed.
The move means the Turin-based company will become the world’s first auction house to accept Bitcoin as a payment method.
Sant’Agostino’s decision is just the latest example of Bitcoin penetrating into real-world use.
Last month in Dubai, apartments were bought and sold in Bitcoin and the Pacific island of Vanuatu said recently that it would give citizenship to foreigners if they pay the government 280-thousand U.S. dollars worth of Bitcoins.

However, despite an explosion in transactions,… financial authorities around the world have issued numerous warnings against the widespread use of cryptocurrencies like Bitcoin.
They claim it could lead to an asset bubble and say investors are vulnerable to scams or market manipulation.
South Korea’s financial authorities said last month that they will ban all forms of initial coin offerings, joining a wave of global regulations against popular fundraising schemes using cryptocurrencies.
Since its creation in 2009, the value of Bitcoin has risen exponentially, hitting the five-thousand-800 U.S. dollar mark for the first time in last week.
Won Jung-hwan, Arirang News.

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