Cryptocurrency market maker B2C2 has successfully obtained a significant regulatory license in Europe, ensuring its ability to continue offering services amidst the forthcoming comprehensive MiCA regulations. This strategic move highlights the company’s foresight in preparing for regulatory changes that are expected to shape the industry’s landscape, especially regarding institutional involvement in digital asset services.
B2C2’s Strategic Regulatory Approval
Gaining approval from Luxembourg’s authorities, B2C2 positions itself to provide over-the-counter (OTC) crypto services to businesses, reinforcing its status as a premier provider of crypto liquidity to institutional clients. This development is anticipated to offer substantial support to cryptocurrency businesses within the region, backing them in navigating the evolving regulatory environment.
Enhancing the Crypto Services Ecosystem
Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) now lists 12 crypto asset service providers including B2C2. The company’s Luxembourg division is led by Denzel Walters, who brings a wealth of knowledge from his illustrious background in financial regulation, having held notable roles at esteemed institutions such as the Bank of England and Prudential Regulatory Authority.
Thomas Restout, the CEO of B2C2 Group, expressed excitement over the company’s milestone and the opportunity to advance the crypto asset community in Luxembourg. He emphasized the value of Denzel Walters’ expertise in financial regulations and his substantial contributions to B2C2’s rapid growth, ensuring a seamless service experience for Luxembourg-based clients.
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