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One of many largest European crypto exchanges, a Vienna-based BitPanda, turned one of many first overseas entities to obtain a digital assert service supplier license in Norway. The announcement got here on the corporate’s official X (former Twitter) account on Oct. 19.
BitPanda holds a license in numerous European jurisdictions, equivalent to Austria, Germany, France, the Czech Republic and Sweden. In line with the Deputy CEO of Bitpanda, Lukas Enzersdorfer-Konrad, the registration marks one other step within the firm’s growth in Europe:
“It’s apparent that we in Europe want an funding platform that we are able to belief. At Bitpanda, we now have got down to be that platform. Over the past 12 months, we now have been The one European supplier to obtain licenses in Germany, Sweden and Norway. We now have greater than 4 million customers and allow Europe’s main monetary establishments and neobanks to supply digital belongings.”
In Could 2023, Norway, which stays outdoors the European Union, has signaled that it might go its own way on crypto asset regulation. In its annual report, the Central Financial institution of the nation said that the upcoming pan-EU Markets in Crypto Property (MiCA) regulation “might not be enough to all crypto regulatory wants.”
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In the meantime, some main crypto exchanges proceed to wrestle with European regulators. In September, New York-headquartered Gemini determined to stop the Netherlands, citing the lack to meet regulators’ requirements. The issues don’t finish throughout the European Union’s jurisdiction. The UK’s monetary markets regulator, the Monetary Conduct Authority (FCA), lately added 143 new entities to the warning record of non-registered asset suppliers.
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