In an announcement, Tokyo-based bitFlyer confirmed the PI license grant from the Commission de Surveillance du Secteur Financier, the financial regulator of Luxembourg, and the Luxembourg House of Financial Technology Foundation (LHoFT). “We’re delighted that one of the most successful Japanese startups chose Luxembourg as their EU platform,” said Luxembourg’s finance minister Pierre Gramegna. With it, bitFlyer has a license and will play by the rules – akin to a bank – to operate across the EU as bitFlyer Europe, the wholly-owned EU subsidiary of bitFlyer.
