BitFlyer has obtained a payment institution license for operate in the European Union, the stock market reported Monday, January 22. The license was granted to the Stock Exchange by the Financial Sector Supervisory Commission (CSSF).

BitFlyer, entering the US market in the fall of 2017, is already operating in Japan under a license granted by the Financial Services Agency (FSA)

Yuzo Kano, founder and CEO of bitFlyer, said in the press release,

"I am proud that we are now the most compliant.exchange of virtual currencies in the world; the coveted regulatory environment gives our customers, our company and the virtual currency industry as a whole a very positive outlook for the future. "

While the company will initially offer a BTC / EUR pair in the EU, other virtual currencies like Litecoin, Ethereum, Ethereum Classic and Bitcoin Cash will be added to the bitFlyer Europe platform later this year.

BitFlyer traded a total of just under $ 300 million in the last 24 hours

World Regulation

Countries around the world have had struggling to decide how to regulate crypto-currencies, several US states having introduced licenses to operate within a regulatory framework, China is one of the few countries to officially recognize Bitcoin (BTC) and other crypto -coins like money, a movement that allowed the main Japanese

The German Bundesbank said that regulation in general, which for many is anathema to the decentralized nature of all cryptocurrences, will only work on a global scale.