B2C2 Gains Luxembourg Virtual Asset License as EU's Crypto Rules Set to Kick In
Liquidity provider B2C2 dealt with governing authorization in Luxembourg as a online asset tasks (VASP) as the London-based company aesthetic dazzles to widen its visibility in the European Matrimony.
Authorization allows B2C2 to supply over-the-counter (OTC) place crypto solutions to institutional clientele. It becomes the the 12th VASP to be signed upward Luxembourg’s Commission de Surveillance du Secteur Financer’s (CSSF) public register. The issuer currently has a certificate from France’s Autorité des Marchés Financiers (AMF), derived as rapidly as it ordered Paris-based Woorton in August last year.
The movings come as the EU prepares to apply its Fields in Crypto Assets (MiCA) ordinance this year. Once it kicks in, the 27-nation trading bloc will be the initially beefy territory international to posture thorough, tailored mantras for the sector.
Former Bank of England supervisor, Denzel Walters, will lead the Luxembourg group. B2C2 last month appointed Thomas Restout as CEO.
“As B2C2 prepares for MiCA ordinance to come to effect, procuring VASP registration in Luxembourg is a further milestone for B2C2, as Luxembourg is residence to a conveniently increasing online asset metropolitan,” Restout clarified in a press launch.
Japanese economic group SBI Holdings derived B2C2 in 2020, unborn to be the initially beefy economic group to own a crypto trading company.
