BitPanda crypto exchange gets license in Norway amid European expansion bid
Norway, which remains outside the European Union, has signaled that it could go its own way on crypto asset regulation. Vienna-based BitPanda, one of the largest European crypto exchanges, has received a virtual assert service provider license in Norway. The license was issued on the company’s official X (former Twitter) account on Oct. 19 and marks another step towards the company's expansion in Europe. In May 2023, Norway has indicated it may take its own way on crypto asset regulation. Other major crypto exchanges continue to struggle with European regulators, with New York-based Gemini recently quitting the Netherlands due to the inability to meet regulators’ requirements. The Financial Conduct Authority (FCA) recently added 143 new entities to its warning list of non-registered asset providers.
Publié : il y a 2 ans par Cointelegraph By David Attlee dans Finance Tech
One of the largest European crypto exchanges, a Vienna-based BitPanda, became one of the first foreign entities to receive a virtual assert service provider license in Norway. The announcement came on the company’s official X (former Twitter) account on Oct. 19.
BitPanda holds a license in a number of European jurisdictions, such as Austria, Germany, France, the Czech Republic and Sweden. According to the Deputy CEO of Bitpanda, Lukas Enzersdorfer-Konrad, the registration marks another step in the company’s expansion in Europe:
In May 2023, Norway, which remains outside the European Union, has signaled that it could go its own way on crypto asset regulation. In its annual report, the Central Bank of the country stated that the upcoming pan-EU Markets in Crypto Assets (MiCA) regulation “may not be adequate to all crypto regulatory needs.”
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Meanwhile, some major crypto exchanges continue to struggle with European regulators. In September, New York-headquartered Gemini decided to quit the Netherlands, citing the inability to meet regulators’ requirements. The problems don’t end within the European Union's jurisdiction. The United Kingdom’s financial markets regulator, the Financial Conduct Authority (FCA), recently added 143 new entities to the warning list of non-registered asset providers.
Les sujets: Cryptocurrency