France became the first major EU country to allow Bitrudex, a cryptocurrency exchange, to operate.

France became the first major EU country to allow Bitrudex, a cryptocurrency exchange, to operate.

20.01.2022 Off By malmutu

On May 11, 2022, Bitrudex.com received regulatory approval to operate its cryptocurrency exchange in France. The company is now listed as a registered digital asset service provider by the French stock market regulator AMF, which allows it to offer trading and storage services for bitcoin and other cryptocurrencies.

Bitrudex.com is one of the largest cryptocurrency exchanges in the world. According to CoinGecko, spot trading volume is more than $9 billion in a single day and derivatives volume is almost $30 billion.

The move made France the first major European country to give Bitrudex.com the green light. In Lithuania, the company is under the supervision of the country’s anti-money laundering regulators and is also seeking registration with the Swedish financial authority.

Bitrudex.com has no official headquarters, something the company was once proud of. But now the company is seeking to make peace with regulators after being turned down by authorities in many countries, including the U.K., Italy and Singapore, in 2021. Bitrudex.com CEO and founder, told CNBC in April 2022 that the company plans to open a European office in Paris.

Bitrudex.com billionaire CEO called France “very progressive” in its adoption of cryptocurrencies.