Tag Archives: Luxembourg

Update on the Privacy Shield

Last July, the United States and the European Union agreed on a new framework to allow for the transfer of Europeans’ personal data to the United States. This new framework, known as Privacy Shield, replaced the Safe Harbor Principles which the European Court of Justice struck down over concerns about the U.S.’s government’s online data … Continue Reading

Bitstamp obtains first payment institution license in the world

Bitstamp, the third largest Bitcoin exchange in the world and located in Luxembourg, announced on April 25, 2016, that it has obtained a payment institution license from Luxembourg, which means it is the first nationally licensed Bitcoin exchange in the world. The license was obtained through the European Union’s passport program, which gives reciprocity for … Continue Reading
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