RATE Group | Want to Buy ‘Virgin Bitcoin’? Be Ready to Pay 20% More, Says CEO
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Want to Buy ‘Virgin Bitcoin’? Be Ready to Pay 20% More, Says CEO

16 Aug Want to Buy ‘Virgin Bitcoin’? Be Ready to Pay 20% More, Says CEO

Posted at 14:52h in Bitcoin News by

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Want to Buy ‘Virgin Bitcoin’? Be Ready to Pay 20% More, Says CEO 101
Source: iStock

Buyers of so-called “virgin bitcoins” are paying up to 20% more for coins with no transaction history, Flex Yan, CEO of Babel Finance, a Hong Kong-based crypto financial services company, claims.

In a recent opinion piece, published by Bitcoin Magazine, he said that demand for the virgin coins is growing as “without any transactional history, there is essentially no risk of the coins being seized or frozen due to their involvement in questionable past dealings.” According to Yan, the new Financial Action Task Force (FATF) guidelines, that force governments to tighten oversight of the crypto business, have also helped to increase the demand.

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