Bitstamp cryptocurrency exchange will move customer accounts from UK to LuxembourgBitstamp is one of the oldest cryptocurrency exchanges in the UK and in the market in general - leaves London after eight years of work. About writes this Trustnodes.
“To comply with regulatory requirements and improve our own operational efficiency, we are transferring client accounts from Bitstamp Limited to Bitstamp Europe SA, our division in Luxembourg,” the company said..
The exchange notes that this decision will not affect customer service, nor do they have to do anything extra. The completion of the account migration process will be announced separately. In the future, they will be subject to the terms of service and privacy policies established by the Luxembourg branch..
Legal entity Bitstamp Limited was registered on July 25, 2012, while Bitstamp Europe SA - in 2016.
As noted by Trustnodes, the likely reason for this decision is the expected breakdown of negotiations on the UK's exit from the European Union. The EU's chief Brexit negotiator, Michel Barnier, said Friday: “The EU and the UK will probably not be able to reach an agreement. I do not understand what we continue to waste precious time with such an attitude of the British side ".
According to Messari, Bitstamp's trading volume in the last 24 hours was $ 168 million, making it the seventh largest trusted exchange, according to the portal..
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