[ad_1]
The Mexican Cryptocurrency Center, Bitso, became the first Latin American cryptobolsa to hold a license to operate in Europe. This new legal status will come into effect on August 1, 2019. Therefore, custody, shipping, withdrawal and marketing of crypto-currencies on its platform will be fully regulated for operations in different countries of the old continent.
Bitso is Mexico's most important cryptobolsa and an important reference in Latin America. With the obtaining of this license, the company becomes the sixth company of this type globally to receive this authorization from the GFSC..
The news was released on July 18, indicating that the company had obtained a license for the regulatory framework for distributed ledger technology from the Gibraltar Financial Services Commission (GFSC). "It's a legal framework specifically designed to regulate companies like ours, with consumer protection and safety being two of the key issues," says Bitso's release on the authorization of work in Europe.
Bitso's regulation by the GFSC represents a fundamental step in consolidating us as a platform that connects the traditional and digital economy, not only in Mexico, but also in Latin America and Europe.
Bitso
It should be noted that despite these new licenses, Bitso's services will not change. However, the company pointed out that users would perceive a clear distinction between the services provided in Mexico and those provided to Gibraltar.
Users must update their app (available on Android and iOS), as well as sign and accept the new terms and conditions of Bitso, which will include the approval of this new legal status with the GFSC.
Some users reacted to this information published by Bitso. According to them, it seems that the new legal status of the GFSC involves the payment of taxes from the profits generated by the exchange of cryptocurrencies.
However, the company has ensured that, where appropriate, the users and traders Bitso should consult their tax experts to find out what percentage they must declare, either in the Mexican state or before the tax authorities of Gibraltar. In this case, the jurisdiction will depend on the Bitso services that the merchants use.
CriptoNoticias contacted Bitso for comments on this new license in Europe, although no response was received at the time of writing.
[ad_2]
Source link
