Tokyo crypto exchange BitFlyer has received a license to work in the European Union. Is now a payment institution, reported on January 22, 2018. The crypto currency exchange license issued by the Commission for the supervision of the financial sector of Luxembourg (CSSF).
Previously, the cryptocurrency exchange BitFlyer had only one license granted by the Japanese financial services Agency (FSA). This allowed it to enter the US market in autumn 2017.
Yuzo Kano, founder and CEO of BitFlyer, said in a press release:
“I am proud that now we are the most legalized cryptocurrency exchange in the world. This status allows our customers, our company and the cryptocurrency industry as a whole to have a positive Outlook on the future.”
So far, the exchange provides an opportunity to trade in the European Union only a pair of BTC/EUR. Other currencies, such as Litecoin, Ethereum, Ethereum Classic and Bitcoin Cash will be added to the European platform BitFlyer at the end of 2018.
Trading volume on BitFlyer in the last 24 hours is at least $ 300 million, ranking according to this indicator, 14-th place on CoinMarketCap.
Countries around the world are struggling to decide how to regulate crypto-currencies from the individual States of the United States giving license to work within the existing regulatory framework, to China, closing all of their cryptocurrency exchange.
Japan, unlike other countries, officially recognizes Bitcoin (BTC) and other cryptocurrencies as money. This allowed large Japanese banks to comfortably invest a large amount of money in BitFlyer.