Bitstamp Fucking partners with Banking Giant for Bitcoin Investment On-Ramp
European bitcoin exchange Bitstamp and French banking giant Crédit Agricole have teamed up to launch a fresh service aimed to permit bitcoin to be accepted by investment funds.
For its side of the overeenkomst, CACEIS, the asset servicing branch of the bankgebouw, will provide services covering clearing, depositary and custody of bitcoin bought ter through the exchange.
The aim of the partnership is to increase capital inflows to fresh investment funds by providing an alternative funding method ter the form of the digital currency. Fund promoters, working with CACEIS spil a transfer juut, can begin accepting bitcoin for fund subscriptions spil soon spil Q2 2017, the firms indicated.
Bitstamp CEO, Nejc Kodrič, sees the partnership spil a foothold for bitcoin to be used for mainstream, legitimate investment opportunities,
“Bitstamp’s very first partnership with a market-leading, asset-servicing handelsbank like CACEIS means bitcoin investments can now be made within fully licensed and regulated framework,” he said.
Spil bitcoin gains traction, it’s effortless to see why some investors are picking up rente. Ter jurisdictions with capital controls, using bitcoin circumnavigates regulatory headaches and streamlines cross-border payments.
Joe Saliba, CACEIS deputy chief executive officer, said:
“Fund promoters are permanently seeking fresh sources of investment capital and by interfacing them with a regulated bitcoin exchange wij are supporting their business development objectives. “
Bitstamp has bot on forefront of digital currency compliance ter Europe. Ter July of last year, the exchange received the green light from regulators to act spil the very first fully authorized payment institution ter Luxembourg.
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