Bitstamp Moves to Luxembourg, Becomes First Nationally-Licensed Exchange - page 2.

Amph

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Quote from: EvanFaggart on April 25, 2016, 10:29:21 AM

Quote from: unamis76 on April 25, 2016, 10:21:23 AM

What does this mean for endusers? They were already allowed to proceed with fiat cashouts, what does this regulation add? I don't see good things coming out of this, but I am likely misinformed...

Good news there is they'll be creating a BTC/EUR pair

Nejc told us that he and his company believes coming into regulatory compliance is one of the best ways to help Bitcoin go mainstream. He believes that by securing a direct line with regulators, rather than the indirect regulation imposed through banking partnerships, banks and other financial institutions will feel more comfortable dealing with Bitcoin.

this make less sense, shouldn't regulations imposed by bank, make banks more confortable to deal with bitcoin, since they are the one that are imposing the regulation?

Junko

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It means Bitstamp gains a degree of legitimacy, while users maybe get an extra sense of security.

And of course, it also means the Luxembourg regulators will get something nice in return as well. Wink

mobnepal

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Seems good news but to know what will happen next we have to wait how successful their operation could be in their new location. Being nationally licensed exchange could be pain in the ass if government try to push their nose quite deep inside their exchange platform. Hope there will be no any legal issues.

Good for bitcoin price and stablity, new investors may get into cryptoworld.

alyssa85

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Quote from: unamis76 on April 25, 2016, 10:21:23 AM

What does this mean for endusers? They were already allowed to proceed with fiat cashouts, what does this regulation add? I don't see good things coming out of this, but I am likely misinformed...

Good news there is they'll be creating a BTC/EUR pair

It means that bigger investors might dip a toe in. At the moment they won't do it because of the risks (losing coins/hacking etc).

Jasad

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= jasad =

Quote from: EvanFaggart on April 25, 2016, 09:35:08 AM

Bitstamp has relocated its headquarters to Luxembourg, where it has received a national Payment Institution license. Bitstamp says this makes them the first nationally regulated exchange in the world, whereas other licensed exchanges just have a handful of licenses in various US states. What do you guys think about this news?

Article link: https://news.bitcoin.com/bitstamp-luxembourg-nationally-compliant/

really?bitstamp become nationally-licensed Exchange for Luxembourg?
if that really happen,its will be a good news for people,bitcoin start have good place on goverment side,and i'm sure other countries will interesting to follow this step.

bitcoin-hunter

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Quote from: LFC_Bitcoin on April 25, 2016, 10:40:22 AM

Quote from: LiteCoinGuy on April 25, 2016, 10:27:36 AM

great achievement! Cool

Exactly the first thing I thought when I saw it. I don't see how this can be seen as anything other than positive.

It's a good step in the right direction. This should be the new standard when it comes to exchanges vs licenses. Let's see if anyone will follow them.

LFC_Bitcoin

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Quote from: LiteCoinGuy on April 25, 2016, 10:27:36 AM

great achievement! Cool

Exactly the first thing I thought when I saw it. I don't see how this can be seen as anything other than positive.

calkob

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Sounds like great news, the US looks like a closed shop to bitcoin in some states, companies will just relocate.

EvanFaggart

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Quote from: unamis76 on April 25, 2016, 10:21:23 AM

What does this mean for endusers? They were already allowed to proceed with fiat cashouts, what does this regulation add? I don't see good things coming out of this, but I am likely misinformed...

Good news there is they'll be creating a BTC/EUR pair

Nejc told us that he and his company believes coming into regulatory compliance is one of the best ways to help Bitcoin go mainstream. He believes that by securing a direct line with regulators, rather than the indirect regulation imposed through banking partnerships, banks and other financial institutions will feel more comfortable dealing with Bitcoin.

LiteCoinGuy

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great achievement! Cool

unamis76

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What does this mean for endusers? They were already allowed to proceed with fiat cashouts, what does this regulation add? I don't see good things coming out of this, but I am likely misinformed...

Good news there is they'll be creating a BTC/EUR pair

EvanFaggart

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Bitstamp has relocated its headquarters to Luxembourg, where it has received a national Payment Institution license. Bitstamp says this makes them the first nationally regulated exchange in the world, whereas other licensed exchanges just have a handful of licenses in various US states. What do you guys think about this news?

Article link: https://news.bitcoin.com/bitstamp-luxembourg-nationally-compliant/

Topic: Bitstamp Moves to Luxembourg, Becomes First Nationally-Licensed Exchange - page 2. (Read 1148 times)