As of 2019, however, state governments are looking into whether Bitcoin ATMs still require stronger regulations against fraud or terrorism-related activities. Overall, cryptocurrency and Bitcoin, in general, has been received very positively amongst citizens in the European Union. For instance, the UK has over 250 locations while Lithuania has none. Of course, the number of ATMs varies from member state to member state. A more social form of exchanging cryptocurrency, LocalBitcoins allows you to find an interesting offer in РІР‚Сљyour areaРІР‚Сњ and make a purchase directly from that selected person.Р”Р„dditionally, there are over 1100 bitcoin ATMs in the European Union alone. Outside of exchanges, LocalBitcoins is a popular option for those who prefer peer-to-peer trading in Europe. It is also sometimes known as the РІР‚Вfirst cryptocurrency exchange to advertise in the English Premier LeagueРІР‚в„ў due to its partnership with the Wolverhampton Wanderers. The company is known for offering a secure platform, a large selection of cryptocurrencies, and easy buying, along with a quick and responsive support team. CoinDealР”Р„lready popular in the global market, CoinDeal is one of the top exchanges in Europe. It is a major mover on the BTC/EUR global market and is a suitable pick for traders due to often having significant volume. However, since it offers only 14 open markets, it is not the most popular globally. It is headquartered in the UK, Luxembourg and Slovenia. The exchange began as a company that sold Bitcoin in 2011. BitstampР”В«itstamp is the second-best exchange in terms of real trading volume in Europe. Binance Jersey will let users buy or sell Bitcoin and Ethereum in British pounds (GBP) and euros (EUR). As of January 2019, Binance also announced that it is launching a new fiat-to-crypto exchange in Jersey, a self-governing dependency of the United Kingdom. After the ban from the Japanese government, the exchange moved to Malta. Unsurprisingly, Binance is one of the biggest exchange platforms in Europe. As a result, KYC/CDD is necessary on all customers who use exchanges or marketplaces to buy or sell Bitcoin. In April 2018, the EU agreed on the text for the Fifth Money Laundering Directive (5MLD) which will bring cryptocurrency-fiat currency exchanges under EUРІР‚в„ўs anti-money laundering legislation. In certain European Union member states, crypto-exchanges register with their respective regulators such as GermanyРІР‚в„ўs Financial Supervisory Authority (BaFin), FranceРІР‚в„ўs AutoritР“В© des MarchР“В©s Financiers (AMF), or ItalyРІР‚в„ўs Ministry of Finance. In February 2018, the ECB also mentioned the development of a Single Supervisory Mechanism to identify risks associated with cryptocurrencies in general. However, exchange regulations are maintained and monitored depending on individual member states. The European Central Bank has also mentioned long-term plans to launch a public digital currency rivaling bitcoin. This includes both trading, selling and mining activities. Is Bitcoin Legal in Europe?Р”В«itcoin is legal in Europe. Still, the environment is very open to Bitcoin holders and those interested in cryptocurrencies, generally. However, a fully-fleshed regulatory regime is still tentative. The European Central Bank classifies bitcoin as a convertible decentralized virtual currency.

Additionally, the EU is working on a taskforce to combat money laundering and terrorism associated with trading. The European Central Bank has declared cryptocurrencies as different from traditional financial assets, as such the traditional financial sector regulations should not apply.

The debate around cryptocurrency in Europe has mostly been on which legislation should apply. It has also been concurrently working with exchanges and wallets to identify suspicious activity. The European Union has been very liberal in allowing bitcoin trading. Bitcoin in Europe: Live EUR Price, Best Exchanges, Taxes, and History

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