The UK-based crypto trading firm B2C2 has secured regulatory approval from Luxembourg to operate as a virtual asset service provider (VASP).
This positions B2C2 as the country’s 12th officially licensed crypto company, alongside industry giants like Bitstamp, PayPal, Zodia Custody, and others.
The obtained registration enables B2C2 to offer over-the-counter spot crypto trading to institutional clients, fostering collaborations with local and traditional financial institutions.
Denzel Walters, formerly associated with the Bank of England, will head the Luxembourg branch. B2C2’s expansion aligns with its global commitment to delivering top-notch liquidity and service.
CEO Thomas Restout stated, “As B2C2 prepares for MiCA regulation to come to force, obtaining VASP registration in Luxembourg is a further milestone for B2C2, as Luxembourg is home to a rapidly expanding virtual asset community.”
This expansion follows B2C2’s recent acquisition of the French crypto liquidity provider Woorton, marking a strategic move to tap into Luxembourg’s digital asset market and strengthen its presence in the EU.
Also Read: VASPs Face May Deadline in Hong Kong Crypto Crackdown
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- Source: https://cryptoinfonet.com/regulation/b2c2-receives-vasp-regulatory-approval-in-luxembourg/
