The European Union approved the first bitcoin trading license, and comprehensive supervision
NetEase Francisco April 27th message, according to foreign media reports CNBC, Luxemburg recently approved the business license of bitcoin trading company Bitstamp, to become the first European by bitcoin trading institutions comprehensive supervision. Luxemburg will move or in Europe to attract more people to join the electronic currency trading market encryption.
Bitstamp’s business license will come into effect from July 1st. The company submitted two years ago to apply, the application process is to strictly test security and customer protection system etc..
“We for the successful completion of the audit process supervision, to ensure that they meet the protection requirements of customers and the product can across the EU, and put a lot of time and resources.” Bitstamp co-founder and CEO Nike Kodorik (NejcKodric) said, “now we can be proud of an important step in the global digital currency industry.”
Will Bitstamp into the regulatory or to make bitcoin transactions become more safe and reliable. According to consulting firm Frost&Sullivan research analyst VijayMichalik said bitcoin transactions for a long time in the past are full of crisis.
“There are a lot of people are trying to create a bitcoin trading platform, sometimes their trading volume even reached the very terrible, but even though they have a very beautiful appearance, the back-end security is not up to the requirements of financial institutions.” Michalik pointed out that “(Bitstamp) to accept the EU regulatory decisions, is sending out a signal that we are a trading platform with financial regulatory standards – this is likely to attract some new customers to buy and trade bitcoin.”
The executive directors of UK Currency Management Corporation BillonGroup JamesLynn digital identity will enhance the confidence of bitcoin trading statement, but said there is little impact on the price of bitcoin is not.
“The EU approved bitcoin trading business license of the company’s decision to a certain extent will boost market confidence, but whether it will impact on the supply and demand situation every day? I think it is unlikely, therefore the price of bitcoin is not because the news is too large fluctuations.” Lynn said.
As of late Monday closing, bitcoin transaction price of $462.33 each, the highest closing price in four months. Bitcoin prices rose by 104.46% in the past year.