FCA regulated ePayments Systems backs new UK bitcoin exchange launch

A new UK-based Bitcoin exchange, named the Digital Securities Exchange (DSX), has launched operations with the support of ePayments Systems.

FCA regulated ePayments Systems backs new UK bitcoin exchange launch

A new UK-based Bitcoin exchange, named the Digital Securities Exchange (DSX), has launched operations with the support of ePayments Systems, a Financial Conduct Authority (FCA) authorized electronic money firm.

DSX will offer trading in bitcoin, litecoin, pounds sterling and euros allowing customers to deposit and withdraw through SEPA or SWIFT transfers.

Customers of the exchange will need to create accounts on both DSX and ePayments Systems platforms with the deposits to the exchange flowing through the later in order to meet FCA standards.

The exchange will provide a pre-paid MasterCard to users for depositing funds and making purchases or withdrawing cash from an ATM with a withdrawal limit of $3,000 per day and a spending limit of $20,000 per day.

DSX founder Mike Rymanov said: “The sterling market is absolutely untouched. We have the opportunity to corner this market completely and this is our intention.”