Bitstamp, a cryptocurrency exchange, has secured a license as a crypto asset service provider in Luxembourg under the new MiCA rules of the European Union.
Acquisition of MiCA License
Bitstamp has become one of the first exchanges to receive a MiCA license, enabling it to operate under the new crypto framework of the European Union. The license was granted by the Commission de surveillance secteur financier of Luxembourg, allowing the exchange to offer trading, custody, and order execution services for cryptocurrency across the EU.
Expansion of Services in Europe
With the license in hand, Bitstamp can leverage the European passport system to broaden its services across the European Union. The firm plans to continue pursuing new licenses in key jurisdictions and expand its offerings for both retail and institutional investors.
Other Licenses in the Crypto Industry
This week, crypto custodian BitGo also secured a MiCA license from the German Federal Financial Supervisory Authority, allowing it to offer crypto services in Europe. It is reported that the European Union is a global hub for virtual asset innovation, supported by MiCA’s clear and harmonized rules.
The acquisition of the MiCA license marks a significant step for Bitstamp, opening up new opportunities for service expansion and enhancing trust in the crypto industry in Europe.
