UK Exchange Launches with Backing From Regulated E-Money Firm
The team behind a regulated e-money issuer has launched a bitcoin exchange called Digital Securities Exchange (DSX). The issuer, ePayments Systems Ltd, has been an authorised electronic money institution with the UK regulator, the Financial Conduct Authority, since last July. ePayments Systems has in turn made DSX its agent. The move is meant to position DSX to capture the market for sterling-bitcoin trading, said Mike Rymanov, who founded and leads both ventures. Rymanov said: "The sterling market is absolutely untouched. We have the opportunity to corner this market completely and this....
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