Bitcoin exchange and trading platform Bitstamp announced today it has been granted a license by the Luxembourg government to be a fully regulated and licensed exchange in the EU. Bitstamp’s license is passportable into the 28 EU member states providing all European customers with a regulated, secure platform for bitcoin trading.
Per the company blog, the news is the result of a rigorous application process with the Luxembourg financial regulator, the Luxembourg Financial Industry Supervisory Commission (known as CSSF) spanning nearly two years, which included security reviews in addition to an audit by Ernst & Young Luxembourg.
Bitstamp has offices in London, New York and Luxembourg.
What else is new?
Bitstamp has simultaneously launched BTC/EUR trading to better serve European markets. Bitstamp is also offering free trading in BTC/EUR for the next month (until end of May).
Effective Tuesday, April 25th, all EUR deposits received will be credited directly to EUR account balance. Trading will start same day at 1:00 PM CEST. To protect clients ask/bid orders overlapping on launch day will be removed prior to launching the order book. Note that all non-EUR deposits will continue to be converted to USD.
Click here to see the official release.