​​FTX Europe Secures CIF License From Cyprus’ CySEC Sam Bankm | Altcoin Holder

​​FTX Europe Secures CIF License From Cyprus’ CySEC

Sam Bankman-Fried FTX announced that its European subsidiary, FTX Europe has received approval from the Cyprus Securities and Exchange Commission (CySEC) to offer its services as a Cyprus Investment Firm (CIF).

Notably, FTX is the only cryptocurrency exchange in the world that has received permission to offer a full suite of exchange services under a full Markets in Financial Instruments (MiFID II) license.

The CEO and Co-Founder of FTX, Sam Bankman-Fried popularly known as SBF asserted that “securing this license in the European Union is an important step in achieving our goal of becoming one of the most regulated exchanges in the world. We are continuing to work with CySEC and regulators across the globe to be the leader in the digital asset industry when it comes to meeting the financial standards that are expected of traditional financial institutions.”

Also, the Head of FTX Europe Patrick Gruhn stated that “after launching our European operations earlier this year we’re excited to receive approval from the regulators in Cyprus. Operating under this license will further our goal of being a European entity regulated to the highest standard,” He continued “We look forward to continuing our productive relationship with CySEC as we continue to expand our European offerings.”