New Bitcoin Exchange Says Australia is Ideal Location

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A new bitcoin exchange launched yesterday in Sydney, Australia, with an aim to improving general consumer confidence in the digital currency market.

Called Independent Reserve, the exchange is promoting both itself and its Australian base as secure and well-regulated, saying the country's AAA credit rating and political stability made it the ideal place to locate.

It will aim first at the local and New Zealand markets before expanding overseas to the financial centers of Asia, though says it already has the ability to electronically verify customers in minutes from over 20 countries by working with identity specialists Global Data Company.

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