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BitStamp Obtains License to Run Bitcoin Exchange in Europe

bitstamp

The Slovenia-based #bitcoin #exchange confirmed being the world’s first-ever digital currency firm to have obtained a #nationallicense , thereby enabling people to #legally #tradeBitcoin against the #fiatcurrencies across all the 28 European countries. It became possible due to a treat program between the European nations, which allows finance service providers to operate throughout the continent, if it has been bestowed with a national license by one.

EU Bitcoin Exchange Bitstamp

The license was signed and granted by Luxembourg’s Minister of Finance, Pierre Gramegna.

Notably, financial service providers that are legally established in one member- state, are legally allowed to operate in every other member state of the European Union, as per the EU’s passport program.

In addition to the announcement of the license, #Bitstamp has also launched BTC/EUR trading for consumers in the #EuropeanUnion. The #crytptoexchange joins the likes of #Kraken and #Coinbase to offer Bitcoin-Euro trading, although consumers will now be able to exchange Euros for the cryptocurrency from a fully licensed bitcoin exchange.

Bitstamp

Luxembourg’s Minister of Finance Pierre Gramegna stated, “Luxembourg has a long­standing history as an international leader in innovation. That Bitstamp has chosen Luxembourg as its European hub only strengthens that reputation. I believe this announcement marks a milestone for bitcoin and digital finance in Europe. Bitstamp is a most welcome addition to Luxembourg’s #Fintech ecosystem.”


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