When first appearing on the market, Bitcoins were valued at the rather minimal amount of $1 per Bitcoin. After soaring to the height of $1000 in November 2013, they have since settled at current value of $630 a piece. The proliferation of Bitcoin users goes hand in hand with the emergence of operators providing Bitcoin-related services, enabling, for instance, the exchange of Bitcoins for conventional, official currencies. Since its inception, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have been charged with its supervision.
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