Proactively preparing for MiCA’s introduction, B2C2 successfully obtains VASP registration

B2C2, the renowned digital currency liquidity pioneer hailing from the United Kingdom, has fearlessly set its sights on Luxembourg, successfully obtaining the highly sought-after status as a virtual asset service provider (VASP). With impeccable timing, this bold maneuver positions B2C2 perfectly for the imminent arrival of Europe's all-encompassing crypto legislation, the Markets in Crypto Assets Regulation (MiCA).

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Source: CoinFactiva.com

B2C2, the esteemed digital asset liquidity provider based in the UK, has boldly ventured into Luxembourg, securing a coveted virtual asset service provider (VASP) registration. This strategic move comes just in time for the implementation of Europe’s upcoming comprehensive crypto law, the Markets in Crypto Assets Regulation (MiCA).

Amidst the promise of legal clarity and global impact, B2C2 proudly joins the ranks of only twelve VASPs officially registered on the Commission de Surveillance du Secteur Financier’s (CSSF) public register in Luxembourg. This milestone allows B2C2 to expand its reach, offering top-notch over-the-counter spot crypto services to institutional clients. But the perks don’t stop there – B2C2 also looks forward to collaborating with local VASPs, traditional financial institutions, and other key players in the market.

Leading the Luxembourg team is the talented Denzel Walters, who brings a wealth of experience from his previous roles at prestigious institutions such as the Bank of England and Prudential Regulatory Authority. With this new appointment as head of Luxembourg, Walters is poised to spearhead B2C2’s growth in this rapidly expanding virtual asset community.

B2C2’s operations span across the Americas, Asia-Pacific, and EMEA regions, making it a formidable force in the digital asset industry. As the company prepares for the implementation of MiCA, its CEO Thomas Restout expresses his excitement for this latest achievement. He thinks that with MiCA regulation looming, B2C2 gears up and secures VASP registration in Luxembourg, marking a significant achievement for the company as the thriving virtual asset community in the country continues to flourish.

In January, the doors to the MiCA feedback window were flung open by ESMA, the powerhouse regulator of the European Union’s financial markets.

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Revealed by managing partner of CH4 Capital, Daniel Batten, the report paints a grim picture of Bitcoin and its mining processes. Tasked with crafting the analysis were none other than the ECB and ESMA, as seen in a screenshot shared by Batten. With a potential ban looming over Bitcoin’s environmental impact, the report has sparked debates on the fate of this leading cryptocurrency in the EU.

SOURCES: B2C2Group
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