Leading Europe-based bitcoin exchange Bitstamp, has been granted a license as a regulated Payment Institution by Luxembourg. The license is passportable into the 28 EU member states.
Bitstamp will become the world’s first nationally licensed bitcoin exchange in Europe once it will relocate its headquarters to Luxembourg on July 01st, 2016. Simultaneously, the exchange announced the launch of EUR/BTC trading.
The news follows a nearly two-year application process with the Luxembourg Financial Industry Supervisory Commission (CSSF) and marks a milestone for bitcoin and digital finance in Europe, according to Luxembourg’s Minister of Finance Pierre Gramegna.
“Luxembourg has a long-standing history as an international leader in innovation,” Gramegna said in a statement. “That Bitstamp has chosen Luxembourg as its European hub only strengthens that reputation. […] Bitstamp is a most welcome addition to…