Cryptocurrency exchange Bitstamp has announced the relocation from London to Luxembourg in order "to comply with regulatory requirements and improve operational efficiency," Trustnodes has learned, citing an email from the exchange.
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One of the oldest cryptocurrency exchanges says it is also migrating the clients accounts from Bitstamp Limited to Bitstamp Europe SA.
Bitstamp's decision to leave London comes after the US-based cryptocurrency exchange Gemini received an approval from the UK's Financial Conduct Authority (FCA).
Trustnodes claims the reason is in "the increasing chance of a no deal Brexit with EU’s negotiator Michel Barnier."
Barnier previously expressed an opinion that "an agreement between the UK and EU seems unlikely."
Earlier, iHodl reported that Bitstamp will add support for the pound sterling.
All the exchange's fiat and cryptocurrencies will get an additional GBP pair, with zero trading fees through 1 September 2020, including USD, EUR and BTC.
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