Quote from: CryptoJeweler on April 25, 2016, 10:21:39 PM

Quote from: Pompobit on April 25, 2016, 10:04:35 PM

Quote from: CryptoJeweler on April 25, 2016, 10:02:22 PM

Quote from: Pompobit on April 25, 2016, 09:52:50 PM

good news, but exactly, what this regulation implies?

Hi Pompobit,

Although consumers will now be able to exchange Euros for the cryptocurrency from a fully licensed bitcoin exchange.
Moreover the exchange joins the likes of Kraken and Coinbase to offer Bitcoin-Euro trading.

Thank you
CryptoJeweler

thank you but this was clear to me.
What is less clear is what means to be "fully licensed". Who acts as a guarantor? Is there some sort of insurance on funds?

Hi Pompobit

Sorry for the confusion.
EU will be a guarantor as they got licence from EU officials, with the Luxembourg Financial Industry Supervisory Commission (CSSF), The EU states financial regulator. Moreover external audit by Ernst & Young was also performed before Luxembourgs CSSF saw fit to grant the license to Bitstamp.

Is there some sort of insurance on funds?
- I don't know about that but probability will be high for that! , if you or anyone found more information regarding insurance please share on this thread.

Thank you
CryptoJeweler

thank you for your answers, but I'm not as much sure as you about as high that probability is Wink