Bitstamp is working with Luxembourg government to secure European license

Regulation | April 22, 2016 By:

Bitstamp is reportedly working with the Luxembourg government to launch a licensed bitcoin exchange across 28 European countries.

According to sources, Bitstamp may have secured a payment institution (PI) or electronic money institution (EMI) license from Luxembourg regulators, a move that the company has reportedly said would allow it to become “the first regulated and licensed bitcoin exchange in the EU”.

Bitstamp is currently the fourth largest exchange by total US dollar trading volume, according to data from Bitcoin Charts, behind Bitfinex, BTC-e and Coinbase. The exchange saw just shy of 4,000 BTC traded in the last 24 hours, representing $1.6m in trades. Notably, it does not yet offer EUR trading.

Bitstamp executives offered no comment when reached.