Bitstamp Europe S.A. - The First Fully Licenced Bitcoin Exchange
The company announced today that Luxembourg has granted Payment Institution status to its European cryptocurrency exchange Bitstamp, providing the firm with a license across 28 EU member states. The license, which was signed by Luxembourg’s Minister of Finance, Pierre Gramegna, goes into effect on 1 July, when the firm will open its new headquarters in the Luxembourg
The Luxembourg Financial Industry Supervisory Commission (CSSF) have conducted rigorous security reviews spanning nearly two years togther with an audit by Ernst & Young. It is thought that marks a new milestone for bitcoin and digital finance in Europe and Bitstamp is a most welcome addition to Luxembourg’s fintech ecosystem.”
Luxembourg is known to recognise the economic potential of bitcoin, digital currency and the blockchain technology. It has set an example for other nations to embrace the industry after having conducted rigorous due diligence on the technology and of Bitstamp as a company. Bitstamp becoming the first nationally regulated bitcoin exchange is perhaps a historic achievement for digital currency.
To mark the occasion, Bitstamp will launch BTC/EUR trading across the European markets, and is offering free trading in BTC/EUR for both new and existing customers for 30 days.