BitStamp Obtains License to Run Bitcoin Exchange in Europe
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.
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.
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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