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 youCryptoJewelerthank 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 youCryptoJeweler