Bitpanda, a cryptocurrency exchange, has expanded its presence in Austria through a partnership with Raiffeisen Bank. This collaboration enables Bitpanda to offer cryptocurrency services to customers at 55 bank branches across the country.
Additionally, Bitpanda recently announced the opening of a Dubai office, marking its first expansion beyond Europe. The UAE was chosen as the location for this expansion due to its favorable regulatory environment, exemplified by the Virtual Assets Regulatory Authority (VARA).
Bitpanda’s deputy CEO, Lukas Konrad, highlights the importance of regulatory clarity in driving adoption, citing the European Union’s Market in Crypto Assets (MiCA) regime as a positive development. Konrad emphasizes that the UAE, along with Europe, provides a clear regulatory framework for crypto businesses, unlike the United States where regulatory uncertainty persists.
