Bjørn Kjos was one of the founding members of the airline company Norwegian in 1993. Now he and his family plan to start a cryptocurrency exchange.
Norwegian entrepreneur Bjørn Kjos who, together with his children, has started a crypto company called the Norwegian Block Exchange, in the beginning, the family said that they intend to invest in blockchain technology focused on the aviation industry. Now, however, they plan to launch a cryptocurrency exchange before the end of the year.
We see that there is a need for a serious marketplace where you can buy and sell cryptocurrencies
says Alexander Kjos-Mathisen, general manager of the Norwegian Block Exchange (NBX).
In January, the company was registered after long conversations in the Christmas holidays between Bjørn Kjos, son Lars Ola and son-in-law Stig Alexander who had been interested in the crypto universe for a while.
The company is also working to find solutions to pay airline tickets with cryptocurrencies.
As far as the crypto exchange is concerned, the company aims high. The plan is to become a trading platform of the same caliber as American Gdax and Kraken.
Kjos-Mathisen also believes that the time is ripe for more companies to start buying cryptocurrencies, but that there is no good place where that can happen.
By establishing a marketplace even where we can set the standard, among other things, on customer identification and customer due diligence, this could reduce the risk of market players being indirectly implicated in money laundering or terrorist financing.
Kjos-Mathiesen will not figure out which cryptocurrencies are listed on their stock exchange, but suggest that the famous big currencies like Bitcoin and Ethereum will be found there. The most important thing is that the currencies listed will be able to relinquish transaction history, he explains.
Crypto companies in Norway have had a hard time, when the Norwegian Sturle Sunde, who runs the bitcoin exchange company Bitmynt AS in the country, lost a lawsuit against the bank Nordea. The trial was about that the bank had refused him to open a business account with them. The explanation given by Nordea Bank was that he was selling bitcoins.
But Stig Alexander Kjos-Mathisen is not worried that regulations will put an end to Norwegian Block Exchanges plans to launch a crypto exchange.