Another day, another “inconevnience” for people hoping to swap tokens for chits or actual money. The group‘s 555 Twitter followers suggests it may not affect huge numbers of people, although significant transaction volumes were reported in 2015.
Instead, what makes DSX Exchange stand out is a claim it made back then, that it had “forced Bitcoin into a regulated environment”.
The force was applied to a side door, however. DSX hadn’t suddenly got the Financial Conduct Authority to regulate Bitcoin trading. The FCA register shows that Digital Securities Exchange Limited acts as an appointed representative of Epayments Systems Ltd.
Electronic money is essentially some form of prepaid money, like a prepaid card.
Here‘s part of the definition:
https://www.upload.ee/download/8139055/cd98e9e1d01b132478c0/New_FCA_Regulation_2018.pdfSuch business is some way from, say, a regulated broker dealer offering to trade in the Bitcoin market.
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