[2016-04-25] Bitstamp to Become the First Nationally Licensed Bitcoin Exchange

[hv_]

http://www.businesswire.com/news/home/20160425005468/en/

[TraderTimm]

Bitstamp doesn't even show up in the volume pie chart over here - https://bitcoincharts.com/charts/volumepie/ and for good reason.

After they emailed everyone about more restrictive KYC/AML requirements, most people said "Good bye" and went over to Bitfinex or one of the Chinese alternatives. And guess who has the lion share of volume besides the Chinese? That's right, Bitfinex.

So they can get "licensed" all they want, they'll just end up with a shitty order book that nobody trades on. This is what regulation does, forces business to other places where there's less friction to conduct transactions.

Nobody uses Bitstamp anymore, except maybe the Feds? Who knows...

[Sweetless]

and once other exchanges start to go "bust" because they are failing in basic regulatory compliance, bitstamp will probably be the first option you will think pf to go to.

I got their KYC bullshit sometime last year as well. I replied to those questions, had to give some screenshots but the result was that I never been bothered since. I think if someone has nothing to hide, KYC is not an issue.

Cheers. 

Great work Bitstamp on getting licensed!

[hv_]

Bitstamp doesn't even show up in the volume pie chart over here - https://bitcoincharts.com/charts/volumepie/ and for good reason.

After they emailed everyone about more restrictive KYC/AML requirements, most people said "Good bye" and went over to Bitfinex or one of the Chinese alternatives. And guess who has the lion share of volume besides the Chinese? That's right, Bitfinex.

So they can get "licensed" all they want, they'll just end up with a shitty order book that nobody trades on. This is what regulation does, forces business to other places where there's less friction to conduct transactions.

Nobody uses Bitstamp anymore, except maybe the Feds? Who knows...

I d be interested having this chart w/o the CNY but with the JPY volumes. Have you seen such somewhere else?

[TraderTimm]

and once other exchanges start to go "bust" because they are failing in basic regulatory compliance, bitstamp will probably be the first option you will think pf to go to.

I got their KYC bullshit sometime last year as well. I replied to those questions, had to give some screenshots but the result was that I never been bothered since. I think if someone has nothing to hide, KYC is not an issue.

Cheers. 

Great work Bitstamp on getting licensed!

You do realize of course that by being a good little goat, you're just cozying up to the banking system that Bitcoin is trying to replace/supplant? Not really something to be proud of, like telling everyone you got used to eating dog poop. Hey, good for you.

Still won't change the fact that Bitstamp's order book is as thin as a pancake... under a steamroller...

[TraderTimm]

I d be interested having this chart w/o the CNY but with the JPY volumes. Have you seen such somewhere else?

Here's a link that allows you to select volumes per currency via a dropdown menu, perhaps take a look - https://data.bitcoinity.org/markets/volume/30d/JPY?c=e&t=a (JPY selected for your convenience)

[hv_]

I d be interested having this chart w/o the CNY but with the JPY volumes. Have you seen such somewhere else?

Here's a link that allows you to select volumes per currency via a dropdown menu, perhaps take a look - https://data.bitcoinity.org/markets/volume/30d/JPY?c=e&t=a (JPY selected for your convenience)

Thanks Seniore, did not know that one.

Only Kraken and local?

missing all the big ones you see here, esp down in the no fee section

http://coinmarketcap.com/currencies/bitcoin/#markets

[Kprawn]

and once other exchanges start to go "bust" because they are failing in basic regulatory compliance, bitstamp will probably be the first option you will think pf to go to.

I got their KYC bullshit sometime last year as well. I replied to those questions, had to give some screenshots but the result was that I never been bothered since. I think if someone has nothing to hide, KYC is not an issue.

Cheers. 

Great work Bitstamp on getting licensed!

There seems to be a bigger share of people lately, who share your point of view. It is not that they want to adhere to these regulations... but more and more, that they do not have a choice. This is

where things get a little muddy... You should still be offered the choice to adhere to these regulations or opt for full financial privacy. If I signup for a clothing account, I willing relinquish some of my

privacy.. They know what I buy.. How frequently I buy stuff and more importantly, what I buy. For clothing... this is not that big an issue.. BUT when they have access to information on EVERYTHING

you buy, it creates some problems.... It becomes even a bigger problem, when THEY decide, what you can and cannot buy. As is the case with MANY regulated exchanges and online Bitcoin gambling.