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Crypto currency companies adapting to the new wave of regulations is crucial for institutional entries, and this is a key point. One of the largest market makers in the crypto currency markets, B2C2, recently announced that it has received an important license for the European region. Thus, when MiCA fully comes into effect, it will be able to serve in the region in a permitted manner.
B2C2 and VASP License
B2C2 recently received regulatory approval to operate in Luxembourg. The company, preparing itself for the implementation date of the Crypto Asset Markets (MiCA) regulation, will be able to provide crypto OTC services to corporate customers. As a leading crypto liquidity provider serving corporate customers, it will also be a lifeline for crypto companies in the region.
There were 11 different crypto asset service providers (VASP) registered with Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). With the arrival of B2C2, this number has increased to 12. The company’s Luxembourg President is Denzel Walters. This individual has held significant positions at the Bank of England, Prudential Regulatory Authority, and Optima Partners, acquiring substantial experience in financial regulations.
B2C2 Group CEO Thomas Restout said the following;
“Luxembourg is hosting a rapidly expanding crypto asset community, so B2C2 has left another milestone behind. Our new Luxembourg President Denzel Walters will work for a seamless experience for our customers in Luxembourg with his regulatory knowledge and proven experience that has contributed to extraordinary growth at B2C2.”
