Bitcoin Exchange Bitstamp Wins EU Approval
http://fortune.com/2016/04/25/bitcoin-exchange-eu-approval-bitstamp/
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Say hello to the European Union’s first nationally licensed Bitcoin exchange.
Bitstamp, a Slovenian Bitcoin exchange now based in the United Kingdom, said on Monday that it had received a license from Luxembourg’s Ministry of Finance to operate as a payment institution. The regulatory approval extends beyond the country’s borders to the rest of the 28 EU member countries.
This is the first time that a Bitcoin exchange has achieved such official backing in Europe, Wired reports, citing Jean-Louis Schiltz, a lawyer in Luxembourg who helped Bitstamp win the approval. The licensing, which took nearly two years of regulatory scrutiny to realize, could present a clear path for gaining government endorsement to other Bitcoin exchanges.
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Bitstamp, a Slovenian Bitcoin exchange now based in the United Kingdom, said on Monday that it had received a license from Luxembourg’s Ministry of Finance to operate as a payment institution. The regulatory approval extends beyond the country’s borders to the rest of the 28 EU member countries.
This is the first time that a Bitcoin exchange has achieved such official backing in Europe, Wired reports, citing Jean-Louis Schiltz, a lawyer in Luxembourg who helped Bitstamp win the approval. The licensing, which took nearly two years of regulatory scrutiny to realize, could present a clear path for gaining government endorsement to other Bitcoin exchanges.
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