Weekend Roundup: PayPal Embraces Bitcoin, Spain Classifies BTC as a Payment System and the US Gov. Comes Down on Two Notorious Companies

1. US PayPal Merchants Can Now Accept Bitcoin

On Tuesday, William Suberg reported on another big piece of news from PayPal, this time announcing that the payment network itself had partnered with a handful of BTC exchanges to allow bitcoin payment processing.

“‘Today we are announcing PayPal’s next step in helping merchants accept Bitcoin payments. PayPal has entered into agreements with leading Bitcoin payment processors BitPay, Coinbase and GoCoin,’ a senior PayPal exec stated in a press release. ‘Starting today, these agreements let PayPal digital goods merchants accept Bitcoin with a simple integration through the PayPal Payments Hub.’”

2. Spain Considers Bitcoin an Electronic Payments System

Diana Ngo reported last Sunday that a ruling from the Spanish government identifying the Bitcoin network as a payments system.

“[The] Ministry of Finance's body the Directorate General for the Regulation of Gambling (Dirección General de Ordenación del Juego, or DGOJ), as well as the Spanish Congress, indicated in two separated responses to