BitFlyer Gets License to Operate in Europe

The PI licence was granted by Luxembourg's financial watchdog and the company will be based at the Luxembourg House of Financial Technology Foundation
23 January 2018   1660

BitFlyer, one of the world’s first cryptocurrency trading platforms, announced on Tuesday it has been granted a payment-institution license to operate in the European Union.

The PI licence was granted by Luxembourg's financial watchdog, the Commission de Surveillance du Secteur Financier (CSSF), and the company will be based at the Luxembourg House of Financial Technology Foundation (LHoFT).

BitFlyer is the most compliant virtual currency exchange in the world. Approved regulatory status is fundamental to the long-term future of bitcoin and the virtual currency industry.


Yuzo Kano

CEO, BitFlyer

Luxembourg's finance minister, Pierre Gramegna, said he was delighted that "one of the most successful Japanese startups chose Luxembourg as their EU platform".

BitFlyer also announced it will offer euro-denominated bitcoins and the company is planning to add support for other cryptocurrencies including Litecoin, Ethereum, Ethereum Classic and Bitcoin Cash later in the year.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   167

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.