Luxembourg Opens Dialogue with Bitcoin Businesses in New Statement
The Commission de Surveillance du Secteur Financier (CSSF), the government body responsible for financial regulation in Luxembourg, has issued a release detailing its treatment of digital currencies as well as its expectations for bitcoin businesses. Issued on 14 February, the communique included familiar consumer protection warnings, but also featured a unique invitation for interested entrepreneurs. The CSSF encouraged these individuals to contact its officials about facilitating digital currency-related commerce in the country, and suggested it will operate on a case-by-case basis with....
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There is no doubt that the statement issued by the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg is the first constructive step towards the consensus with the Bitcoin environment and entrepreneurs. Law Library of Congress in cooperation with BitLegal proves this writing to be the first from the country on the corresponding matter. The official document says: “Therefore, the potential interested persons who would like to establish themselves in Luxembourg in order to carry out an activity of the financial sector (as, for instance, the issuing of means of payments in....
CoinPlus has successfully closed a first round of investment, which saw the firm add €172,500 to its coffers. The Luxembourg-based bitcoin startup reports the seed funding will allow it to speed up the operational and technical development of its impending product and add new members its team. Though not yet launched, CoinPlus is developing a multi-support payment processor and a currency exchange platform. Regulatory framework attracts bitcoin businesses. The startup was incorporated last July, following a ruling by the Luxembourg financial regulator, which found that bitcoin could be....
One of the world’s largest bitcoin exchanges is reportedly close to announcing a new deal 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 move that the company has reportedly said would allow it to become "the first regulated and licensed bitcoin exchange for all 28 countries in the EU". Founded in 2013 and originally based in Slovenia, Bitstamp has long been one....
Luxembourg-based Bitcoin startup CoinPlus raises €172,500 in a first round of funding, and waits to meet with Luxembourg's financial regulator at the end of September. In a press release, CoinPlus CEO Christian Bodt, said there was still a long way to go, but remains optimistic. He added that an additional funding round was planned to occur before the end of the year. "The choice of Luxembourg was [obvious]. The country offers high-standard technical and administrative infrastructures, service providers at the cutting edge of technology, proximity with relevant authorities, as well as....
Good news from Asia at last: a new body aiming to facilitate Bitcoin’s expansion in Singapore has formally introduced itself to the community this week. The Association of Cryptocurrency Enterprises and Startups, Singapore (ACCESS) was formed by various members of the Singapore Bitcoin community to facilitate “an open and clear dialogue between Singapore crytocurrency businesses and the wider public, including regulators,” it was announced in a statement issued today. ACCESS is the first such organization to surface in the Asian Bitcoin space, an area which currently variously contends....