[2016-04-25] Bitstamp granted license, is now regulated and licensed exchange

[BitcoinXio]

Just announced today, the bitcoin exchange Bitstamp has said they have been granted a license by the Luxembourg government to be a fully regulated and licensed exchange in the EU. In a statement made by the exchange, they said that they went through a rigorous application process with the Luxembourg financial regulator, the Luxembourg Financial Industry Supervisory Commission (known as CSSF) which spanned nearly two years, and included security reviews in addition to an audit by Ernst & Young Luxembourg. Bitstamp’s license is passportable into the 28 EU member states providing all European customers with a robust, secure platform for bitcoin trading.

Read more: http://bitcoinx.io/news/articles/bitstamp-granted-license-to-be-a-fully-regulated-and-licensed-exchange-in-the-eu/

[cmbartley]

This is what bitcoin needs if it is going to remain relevant.

[RodeoX]

This is actually a big deal. Bitcoin has come out of the shadows this year.

[2015Bubble]

Bullish

[cmbartley]

But how will the community feel about bitcoin going the direction of KYC?

[BitcoinXio]

Bullish

Very bullish lately. I'd say more good news than normally.

[BitcoinXio]

But how will the community feel about bitcoin going the direction of KYC?

They already did KYC and this will only be scrutinized more when dealing with Bitstamp. For those that don't mind KYC this is just a net positive. For those that don't like it, you can still (and will always be able to) trade person-to-person, using local trading platforms.