Tokyo-based Bitcoin alternate BitFlyer has kicked off operations in Europe, after having secured the required Fee Establishment license to run its service throughout the EU.
The alternate launched within the US final November, and claims that greater than $250 billion in digital forex was traded on its platform in 2017. In keeping with Monetary Occasions, it facilitates about 20-30 % of all Bitcoin trades globally.
With that, BitFlyer claims that it’s now the one licensed alternate to permit cross-border Bitcoin buying and selling between Europe and Japan, among the many largest markets for the digital forex on the earth.
To begin, it’ll solely enable buying and selling of Bitcoin/Euro pairs and can initially goal skilled high-volume merchants; plans to help different currencies like Ethereum and Litecoin, in addition to extra fiat currencies, are within the works for the approaching months.
The information follows hypothesis over whether or not South Korea will shut home cryptocurrency exchanges; at current, the federal government is having these companies’ workplaces raided to analyze alleged tax evasion and is contemplating shutting down these are aren’t compliant with native legal guidelines. In the meantime, China is claimed to be planning to dam entry from inside its borders to international exchanges, after already having banned home exchanges final 12 months. Each strikes will possible have drastic results on the worth of Bitcoin, so brace your self for a flood of FUD over the approaching days and weeks.