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Author Topic: BitFlyer: World's largest bitcoin exchange gets approval for European launch  (Read 15 times)
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January 23, 2018, 10:45:17 AM

BitFlyer, the world's largest bitcoin exchange, has been given the green light for a European launch.

The Tokyo-based firm has been awarded a payment institution (PI) licence for the European Union, building on its regulatory approval in the US and Japan.

BitFlyer handles about a quarter of the globe's bitcoin exchange volumes, with more than $250bn (£180bn) worth of bitcoin being traded on its platform last year.

Yuzo Kano, founder and chief executive of bitFlyer, said: “When I set up bitFlyer in 2014, I did so with global ambitions and the belief that approved regulatory status is fundamental to the long-term future of bitcoin and the virtual currency industry.

“I am proud that we are now the most compliant virtual currency exchange in the world; this coveted regulatory status gives our customers, our company and the virtual currency industry as a whole a very positive future outlook.”

BitFlyer is the only exchange licensed in Europe, and can give traders access to the globe's biggest bitcoin trading market in Japan.

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