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   1213

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.

German Exchange to launch Bitcoin Products

Deutsche Boerse, the Frankfurt Stock Exchange holder, is deciding about the providing cryptocurrency products
24 May 2018   77

Reporting in London on Wednesday, at a significant event of the sphere, Jeffrey Tessler (the firm's chief of customers, products and core markets), declared: "We are deep at work with it." Nevertheless, any move into the crypto space from the stock exchange might not be forthcoming fast. When CME Group and Cboe Global Markets both started bitcoin futures trading last December, Tessler further claimed during the event that Deutsche Boerse is "not at the same stage." According to his point of view, the company is attempting to understand the volatility of the bitcoin market first and insuring clients and regulators are "in line" before stepping ahead with any offerings.

Whilst a move into offering bitcoin products is not definite, the exchange has already been active in the blockchain field. Deutsche Boerse unvealed details to CoinDesk about its plan to move the majority of its post-trade services to a blockchain last June. It affirmed at the time that it was interested in building a system, using Hyperledger's open-source Fabric protocol, in order to transfer securities and move commercial bank money, while still undertaking cross-jurisdictional compliance with regulators.

Also, as recently as March, the group declared it wish to deploy a platform for more operative securities lending using R3's Corda blockchain tech.