Bitpanda crypto exchange gets license in Norway amid European expansion bid

One of the largest European crypto exchanges, Vienna-based Bitpanda has go 1 of the archetypal overseas entities to person a virtual asseverate work supplier licence successful Norway. The announcement came connected the company’s authoritative X (former Twitter) relationship connected Oct. 19.

Bitpanda holds a licence successful a fig of European jurisdictions, specified arsenic Austria, Germany, France, Czechia and Sweden. According to the lawman CEO of Bitpanda, Lukas Enzersdorfer-Konrad, the registration marks different measurement successful the company’s enlargement successful Europe:

“It is evident that we successful Europe request an concern level that we tin trust. At Bitpanda, we person acceptable retired to beryllium that platform. Over the past 12 months, we person been the lone European supplier to person licenses successful Germany, Sweden and Norway. We present person much than 4 cardinal users and alteration Europe’s starring fiscal institutions and neobanks to connection integer assets.” 

In May 2023, Norway, which remains extracurricular the European Union, signaled that it could spell its own mode connected crypto plus regulation. In its yearly report, the cardinal slope of the state stated that the upcoming pan-EU Markets successful Crypto-Assets (MiCA) regularisation “may not beryllium capable to each crypto regulatory needs.” 

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Meanwhile, immoderate large crypto exchanges proceed to conflict with European regulators. In September, New York-headquartered Gemini decided to discontinue the Netherlands, citing the inability to meet regulators’ requirements. The problems don’t extremity wrong the European Union’s jurisdiction. The United Kingdom’s fiscal markets regulator, the Financial Conduct Authority, precocious added 143 caller entities to the informing database of non-registered plus providers.

Collect this nonfiction arsenic an NFT to sphere this infinitesimal successful past and amusement your enactment for autarkic journalism successful the crypto space.

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