License Hand: bitcoin exchange bitFlyer into the European market

nRunaway Comment: bitFlyer, the Japanese bitcoin exchange, announced its official entry into the European market following its move to the United States last year. According to the official announcement of the exchange, it has now been approved by regulatory authorities in Europe and will enter the European market as an EU-recognized payment institution (PI). After this license, the exchange became the first “bitcoin exchange” regulated in Japan, the United States and Europe, which greatly encouraged the development of the entire virtual currency industry.n
nTranslation: Clovern
BitFlyer, the Japanese bitcoin exchange, announced its official entry into the European market after expanding globally in the United States last year.n
Bitflyer, one of the earliest and largest cryptocurrencies trading platforms in the world, has now been approved by regulatory authorities in Europe and will enter Europe as an EU-recognized payment institution (PI).n
The Tokyo exchange mentioned in its announcement that it has obtained a payment agency license (PI) from the Luxembourg Commission of Financial Regulators and the Luxembourg Financial Technology Foundation (LHoFT). Luxembourg Finance Minister Pierre Gramegna said:n
n”We are very pleased to see that one of Japan’s top start-ups has chosen Luxembourg as a platform to enter the EU.”n
nBitFlyer is duly licensed and will operate a wholly owned subsidiary of bitFlyer Europe – bitFlyer in the EU market following the rules adopted by similar banks.n
As the first bitcoin exchange regulated in Japan, the United States and Europe, bitFlyer’s CEO and founder Yuzo Kane said:n
n”I’m proud that we are now the most compliant virtual currency exchange in the world and this superb regulatory position gives our customers, companies and the virtual currency industry as a whole a promising development.”n
nbitFlyer’s European office is located in Luxembourg and its first focus will be on large and professional traders, bringing them previously unfulfilled services. bitFlyer Europe is officially offering bitcoin-to-euro trading and is set to open trading services to other cryptocurrencies such as LTC, ETH, ETC and BCH this year.n
bitFlyer has three major Japanese banks as investors. According to CoinMarketCap data records, its current trading volume ranks first in Japan and fifth in the world. In the first five months into Europe, bitFlyer received regulatory approval, including the New York BitLicense, officially entered the 34 states of the United States.n

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