LZF Launches First U. S.-Based Exchange To Operate Legally In 49 States Today
The launch of the Laissez Faire (LZF) digital currency-to-fiat exchange platform in 49 states marks the first U. S. -based exchange to operate legally throughout the entire U. S., with the exception of New York. The goal is to provide a digital currency-to-fiat exchange platform that provides the most secure, incentivized trading environment. Using a structure similar to a Saas (software as a service) platform, LZF provides an autonomous system with fully-implemented banking capabilities. The autonomous, synchronized system minimizes the need to manually process user requests (with the....
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BitStamp has become the first bitcoin company to receive a national financial services license. Internationally renowned Bitcoin exchange BitStamp today announced that it has become a fully-regulated payment institution in Luxembourg. The Slovenia-based bitcoin exchange confirmed being the world’s first-ever digital currency firm to have obtained a national license, thereby enabling people to legally trade Bitcoin against the fiat currencies across all the 28 European countries. It became possible due to a treat program between the European nations, which allows finance service providers....
After launching about one year ago, BTCXIndia is closing its trading platform because its bank will no longer allow them to operate. The exchange posted a notice on its website stating that they will close down their bitcoin trading platform as of May 20, 2015. BTCXIndia was the first bitcoin exchange in India offering a secure, real-time trading platform, following KYC and AML guidelines, and allowing instant INR (Indian rupee) deposits and withdrawals. "We have today been informed by our bank that they will no longer serve bitcoin businesses," the notice stated. "We have investigated the....
European bitcoin exchange Bitstamp has become the first fully licensed bitcoin exchange in Europe. The license will go into effect on July 1st and marks the first time that a bitcoin exchange acquires the license as a fully regulated payment institution, in the world. Bitcoin exchange Bitstamp has gained the license to operate as a payment institution across the European Union, all 28 countries of it. The license, which begins July 1st means that Bitstamp will officially be the first nationally licensed Bitcoin exchange in the world. The license was signed and granted by Luxembourg’s....
US-based bitcoin exchange Laissez Faire (LZF) has legally launched its currency trading platform across 49 states by complying with the financial regulations of each state, to provide its users with an incentivized trading environment. The platform utilizes a similar structure to SAAS (software as a service) platform implementing bank-level technologies and systems to autonomously process user requests. LZF co-founder Daniel Pusateri explained to CoinTelegraph: However, LZF will be spending around US$30,000 annually to maintain their fiat markets and to keep the platform compliant with....
The potential acquisition would follow Coinbase CEO Brian Armstrong announcing plans to expand to every country in which the exchange can legally operate. Major United States-based cryptocurrency exchange Coinbase is reportedly planning to purchase BtcTurk for $3.2 billion.According to Turkish tech media outlet Webrazzi citing a Thursday report from Mergermarket, the two exchanges negotiated a price based on the market behavior of the Turkish lira and Bitcoin (BTC), arriving at roughly $3.2 billion. One or both of the two firms have reportedly already signed a term sheet.The potential....