Bitstamp: The First Licensed Bitcoin Exchange of Europe
Bitstamp has received a license from Luxembourg to operate as a payment institution, making it Europe’s first licensed bitcoin exchange. Could this extra legitimacy open up bitcoin as an asset class to an untapped customer base? In January 2015, Bitstamp suffered a hack which resulted in the loss of ~19,000 BTC (valued at around $5 Mn). The Company recovered quickly, supported by ample reserves in cold storage. Bitstamp added additional security measures, which included multi-signature wallets provided by BitGo and moving its servers to Amazon's AWS cloud infrastructure. These measures,....
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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....
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 (April 25th, 2016) — Today, Bitstamp, one of the longest-standing bitcoin exchanges and the leading European bitcoin exchange, announced that it has relocated to Luxembourg following approval for a national license as a fully regulated Payment Institution. The license has been signed by Luxembourg’s Minister of Finance Pierre Gramegna. With....
Bitstamp, one of the largest BTC/USD bitcoin exchanges and marketplaces based in Europe, has launched an investment initiative on online investment platform BnkToTheFuture to obtain US$1.2 million in funding at a $60 million valuation. The BnkToTheFuture investment offering will continue on for the next 50 days, until Bitstamp reaches its minimum....
Long one of the world's more prominent bitcoin exchanges, Bitstamp received a publicity boost today with the news that it had been granted a license to operate as a fully regulated payment institution (PI) in Luxembourg. In statements, Bitstamp touted the license as one that enables it to become the first "fully licensed" bitcoin exchange in Europe. The news, which had been rumored for weeks, received varying reactions from market observers, with remarks divided between those who saw Bitstamp’s license as a boon for an industry still trying to shake its association with crime,....