Bitcoin and Luxembourg update

Bitcoin, News

During the ICT Spring Europe 2015 conference which ended Wednesday, Nadia Manzari, responsible for the CSSF of Luxembourg declared that who ever wish to establish Cryptocurrency in the  Grand-Duchy could now receive a permission within 6 months after submitting the demand.

In February 2014, the CSSF of Luxembourg asked the Euro/Bitcoin exchanging platforms who wished to establish themselves in the country to ” Establish their social objectives and to show complete transparency in their task” to fully comply with the Finances law. Since then, Luxembourg received over 40 depositions.

For the same regulation they would have to wait over a year if they were to make this demand in the United States says Nadia Manzari.

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