Bitstamp Close to Securing European License for Bitcoin Exchange

Apr 20, 2016 at 00:15 UTC by Pete Rizzo

One of the world’s largest bitcoin exchanges is reportedly close to announcing a fresh overeenkomst with the Luxembourg government that would enable it to launch regulated and licensed services across Europe.

According to sources, Bitstamp may have secured a payment institution (PI) or electronic money institution (EMI) license from Luxembourg regulators, a budge that the company has reportedly said would permit it to become “the very first regulated and licensed bitcoin exchange for all 28 countries te the EU”.

Founded ter 2013 and originally based te Slovenia, Bitstamp has long bot one of Europe’s largest bitcoin startups, suggesting bitcoin trading and gold buying services to investors. The company is registered ter the UK, the US and Luxembourg, where its Bitstamp Europe SA entity is based.

Such a budge would come almost two years after Luxembourg very first opened dialogue with the industry, and weeks after blockchain-based payment app provider Circle received an e-money license te the UK.

Bitstamp is presently the fourth largest exchange by total US dollar trading volume, according to gegevens from Bitcoin Charts, behind Bitfinex, BTC-e and Coinbase. The exchange spotted just bashful of Four,000 BTC traded ter the last 24 hours, indicating $1.6m te trades. Notably, it does not yet suggest EUR trading.

A representative of the Luxembourg Trade &, Investment Office declined to comment but said an announcement on the government’s work with the industry could be forthcoming.

Bitstamp executives suggested no comment when reached.

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