BitFlyer the larger Cryptocurrency Exchange Launches New EU Branch

World's largest bitcoin exchange gets approval for European launch
JP Morgan chief executive Jamie Dimon said he now regrets calling bitcoin a “@fraud”.
Company handles quarter of the globe’s bitcoin exchange volumes

The Tokyo-based firm has been awarded a payment institution (PI) licence for the European Union, building on its regulatory approval in the US and Japan.

BitFlyer handles about a quarter of the globe’s bitcoin exchange volumes, with more than $250bn (£180bn) worth of bitcoin being traded on its platform last year.

The exchange received its European PI licence from Luxembourg regulator Commission de Surveillance du Secteur Financier.

Germany’s Bundesbank has called for global regulation of bitcoin, while France’s finance minister wants tougher rules for cryptocurrencies.

Meanwhile, US billionaire Warren Buffett has also ruled out a foray into cryptocurrencies, warning that the bitcoin boom will “come to a bad ending”.

The chairman and chief executive of Berkshire Hathaway has joined the chorus of voices criticising the digital currency, which endured a rollercoaster ride at the tail end of 2017.

However, JP Morgan chief executive Jamie Dimon said he now regrets calling bitcoin a “fraud”.

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@relax
no fraud anymore!!!

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