Cryptocurrency exchange Bitstamp is reportedly about to be bought to South Korean investors for a sum of all around $400 mln dollars, in accordance New York Occasions finance and tech journalist Nathaniel Popper’s tweet from yesterday, March 22. Sources familiar with the make a difference have also verified the facts in the tweet to Cointelegraph currently, March 23.
Together with all the other news about digital forex exchanges, I’ve heard from various sources that just one of the oldest exchanges, Bitstamp, is in the final stages of currently being bought to South Korean investors for ~$400m. Neither the exchange nor the potential buyers are commenting.
— Nathaniel Popper (@nathanielpopper) March 22, 2018
The Luxembourg-registered exchange, started in 2011, is currently rated number 11 in terms of 24 hour exchange quantity on CoinMarketCap, investing a whole of all around $182.4 mln more than a 24 hour period to push time.
Some Twitter commentators have noticed the possible Bitstamp sale as a undesirable detail, citing a lack of familiarity with South Korean legislation in regards to crypto restrictions as an impetus to end utilizing the exchange:
— Nikita Vdovin (@NikitaVdovin) March 22, 2018
On the other hand, Twitter users have pointed out that a modify in the ownership of Bitstamp does not automatically indicate alterations for the company:
Possession does not modify it is an European company licensed in Luxembourg… like… nothing alterations just the operator or the inventory unless they make your mind up later on to ditch their European workplaces, license, banking interactions, and do a 180 at which level… why buy it?
— BitJohny (@bit_johny) March 23, 2018
South Korea’s cryptocurrency regulatory choices have produced the news numerous times this yr, from phony rumors of a blanket ban on cryptocurrencies all around the new yr leading to media FUD, to a raid on a few Seoul-centered crypto exchanges in February soon after customers’ cash ended up located to have been moved into the accounts of the exchange professionals.