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The move lets Bitstamp operate across all 28 countries in the European Union. Bitstamp, which has been operating since , is the world's third-largest bitcoin exchange by volume of currency traded. The move by Luxembourg to grant the license will allow Bitstamp to operate in all EU member states due to the EU passport program, which lets financial institutions licensed in one country do business in the others.
The move puts the bitcoin exchange on the same footing as traditional financial institutions for the first time in terms of security and consumer protection. Bitstamp has also announced it will begin offering customers the ability to exchange bitcoins for euros and vice versa, a service that's available on only a handful of other exchanges. Bitstamp is setting up its new headquarters in Luxembourg because the country "recognizes the economic potential of bitcoin and blockchain technology," said Pantera Capital CEO and Bitstamp Chairman Dan Morehead.
Luxembourg is already home to international e-commerce giants like PayPal and Amazon, with both companies accused in the past of locating there to take advantage of Luxembourg's tax system. Note that all gifting payments within Be Granted are thirty-days recurring both paid and received.
Global Automatic matrix qualification requires a Be Granted affiliate to recruit three affiliates within thirty days of signing up. This suggests payment wise, the Global Automatic matrix operates in the same manner as the regular gifting matrix.
Joining Be Granted Be Granted affiliate membership is tied to a minimum 0. Full participation in the Be Granted income opportunity costs between 0. Nothing is marketed or sold to retail customers, with all payments within Be Granted made between affiliates. Make no mistake, all gifting schemes collapse once affiliate recruitment slows down.
And when they do, the majority of participants lose money.
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