Man bids to sell house for bitcoins

Man bids to sell house for bitcoins

A Canadian man who is selling his bungalow is offering potential buyers a discount if they pay in bitcoins.

Entrepreneur Taylor More has listed his "quaint 2 bedroom bungalo [sic]" in Alberta, which "sits on 2.9 acres with beautiful mountain views", on a local property site as the 'bitcoin home'.

He is asking for C$405,000 for the property "but if a partial or whole transaction is done using bitcoins the price can be reduced depending on how many bitcoins you have to trade," says the listing.

More told the BBC: "Bitcoins are really hard to get your hands on if you want to get them in large quantities. I have a couple projects that I want to get started, and they will take a lot of bitcoins."

The value of the virtual currency has been soaring in recent weeks as it nudges its way into the mainstream, and one bitcoin is now worth around $68.

However, the increased visibility is also attracting the attention of regulators - earlier this week the US Treasury confirmed that bitcoin exchanges require money services businesses licenses, which could cost tens of thousands of dollars.

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