bitFlyer, the first Bitcoin exchange to be regulated in Japan and the U.S., said it received a Payment Institution (PI) license to operate in the European Union.
The company’s founder and CEO of bitFlyer, Yuzo Kano, said in a statement:
When I set up bitFlyer in 2014, I did so with global ambitions and the belief that approved regulatory status is fundamental to the long-term future of Bitcoin and the virtual currency industry. I am proud that we are now the most compliant virtual currency exchange in the world; this coveted regulatory status gives our customers, our company and the virtual currency industry as a whole a very positive future outlook.
Just last month, the Tokyo-based company launched in the U.S. Setting up its U.S. headquarters in San Francisco, Calif., BitFlyer launched in the U.S. in 42 states in December (more on this here).
Right now, bitFlyer claims to be the largest cryptocurrency exchange in the world. According to today’s announcement, bitFlyer facilitates about 25% of worldwide bitcoin exchange volumes. In 2017, more than $250 billion was traded on its platform.