There is a similar post about this news:
https://bitcointalksearch.org/topic/bitstamp-moves-to-luxembourg-becomes-first-nationally-licensed-exchange-1450594
that is on it's second page as of now.
Topic: World's First Nationally Licensed Bitcoin Exchange 'Bitstamp' - page 2. (Read 1088 times)
The new status will only effective come 1st July 2016. I guess we need more information as in what the term "national licensed" means to an exchange.
Is there some sort of insurance on funds?
- I don't know about that but probability will be high for that! , if you or anyone found more information regarding insurance please share on this thread.
Thank you
CryptoJeweler
What are you talking about ? There is zero chance of any insurance of funds. Being licenced exchange doesnt have anything to do with its funds
being secured or customer funds being insured. Where did you find any reference that would insinuate something like that?
good news, but exactly, what this regulation implies?
Hi Pompobit,
Although consumers will now be able to exchange Euros for the cryptocurrency from a fully licensed bitcoin exchange.
Moreover the exchange joins the likes of Kraken and Coinbase to offer Bitcoin-Euro trading.
Thank you
CryptoJeweler
thank you but this was clear to me.
What is less clear is what means to be "fully licensed". Who acts as a guarantor? Is there some sort of insurance on funds?
Hi Pompobit
Sorry for the confusion.
EU will be a guarantor as they got licence from EU officials, with the Luxembourg Financial Industry Supervisory Commission (CSSF), The EU state’s financial regulator. Moreover external audit by Ernst & Young was also performed before Luxembourg’s CSSF saw fit to grant the license to Bitstamp.
Is there some sort of insurance on funds?
- I don't know about that but probability will be high for that! , if you or anyone found more information regarding insurance please share on this thread.
Thank you
CryptoJeweler
good news, but exactly, what this regulation implies?
Hi Pompobit,
Although consumers will now be able to exchange Euros for the cryptocurrency from a fully licensed bitcoin exchange.
Moreover the exchange joins the likes of Kraken and Coinbase to offer Bitcoin-Euro trading.
Thank you
CryptoJeweler
thank you but this was clear to me.
What is less clear is what means to be "fully licensed". Who acts as a guarantor? Is there some sort of insurance on funds?
good news, but exactly, what this regulation implies?
Hi Pompobit,
Although consumers will now be able to exchange Euros for the cryptocurrency from a fully licensed bitcoin exchange.
Moreover the exchange joins the likes of Kraken and Coinbase to offer Bitcoin-Euro trading.
Thank you
CryptoJeweler
I red in comments on reddit that its not first nationally licensed bitcoin exchange, there was already one before.
good news, but exactly, what this regulation implies?
Really thank you for introducing that exchange to us, but I am currently searching for an exchange where the deposit is allowed with payza, soo that i convert my payza account balance to bitcoin.
Hi Superways,
Thank you.
Please look into the list, i hope you will find exchange. If not feel free to prompt again.
https://bitcointalksearch.org/topic/beginners-some-useful-links-to-buy-bitcoin-for-the-first-time-1411319
Thank you
CryptoJeweler
I think the benefits of this move will easily outweigh the disadvantages like imposed taxes for example. Regulating Bitcoin will make it legitimate in the eyes of possible investors who have been avoiding Bitcoin till now because it is associated with scams and shady deals like half of the time. Now that it is recognized as a completely legitimate payment system this will attract even more investors and enterprises because it will offer a secure environment for conducting business. No more cheeky hit and runs will be tolerated and left unpunished 
Really thank you for introducing that exchange to us, but I am currently searching for an exchange where the deposit is allowed with payza, soo that i convert my payza account balance to bitcoin.
Hi All,
I think its great move which will have positive impact on digital currency industry globally. What is your opinion?
Thank you
CryptoJeweler
Thats good but wouldn't that make it regulated and under government control?They will have to share all their users data with government,this may be a move to impose taxes on bitcoin or its transactionQuote
European bitcoin exchange Bitstamp has become the first fully licensed bitcoin exchange in Europe. The license will go into effect on July 1st and marks the first time that a bitcoin exchange acquires the license as a fully regulated payment institution, in the world.
I think its great move which will have positive impact on digital currency industry globally. What is your opinion?
Thank you
CryptoJeweler
Hi Wapinter,
Thank you for your feedback.
Important point raised by you. AT the moment The license was acquired following a “rigorous application process” that lasted nearly two years with the Luxembourg Financial Industry Supervisory Commission. No other details have been revealed about taxes on bitcoin yet.
There is chance of that but i believe bitcoin exchange will have paid for their licence and they will not compromise over decentralization.
Thank you
CryptoJeweler
Hi All,
I think its great move which will have positive impact on digital currency industry globally. What is your opinion?
Thank you
CryptoJeweler
Thats good but wouldn't that make it regulated and under government control?They will have to share all their users data with government,this may be a move to impose taxes on bitcoin or its transaction Quote
European bitcoin exchange Bitstamp has become the first fully licensed bitcoin exchange in Europe. The license will go into effect on July 1st and marks the first time that a bitcoin exchange acquires the license as a fully regulated payment institution, in the world.
I think its great move which will have positive impact on digital currency industry globally. What is your opinion?
Thank you
CryptoJeweler
Hi All,
I think its great move which will have positive impact on digital currency industry globally. What is your opinion?
Thank you
CryptoJeweler
Quote
European bitcoin exchange Bitstamp has become the first fully licensed bitcoin exchange in Europe. The license will go into effect on July 1st and marks the first time that a bitcoin exchange acquires the license as a fully regulated payment institution, in the world.
I think its great move which will have positive impact on digital currency industry globally. What is your opinion?
Thank you
CryptoJeweler
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