Bitstamp Secures CASP License Under MiCA to Expand in Europe

Bitstamp Secures CASP License Under MiCA to Expand in Europe

The post Bitstamp Secures CASP License Under MiCA to Expand in Europe appeared first on Coinpedia Fintech News

Bitstamp, the world’s longest-operating crypto exchange, has officially secured its Crypto Asset Service Provider (CASP) license under the EU’s new MiCA framework. Approved by Luxembourg’s financial regulator, CSSF, the license allows Bitstamp to operate its trading platform, execute orders for clients, and provide crypto custody services across the European Union and European Economic Area.

What’s Special About the CASP License?

This CASP license is part of MiCA’s regulatory framework, designed to make crypto safer and more trustworthy across Europe. Bitstamp already had a MiFID license, which lets them operate a Multilateral Trading Facility (MTF), a platform for trading multiple types of financial assets. Now, with the CASP license and the European Passport, Bitstamp can expand crypto services much more widely and legally throughout Europe.

With this approval, Bitstamp can now operate across all countries in the European Union (EU) and the European Economic Area (EEA). The CASP license allows the company to run its trading platform, execute crypto trades for its users, and safely store crypto-assets on their behalf.

Raising the Bar for Compliance

Bitstamp CEO Jean-Baptiste Graftieaux praised MiCA’s high standards and called it a major win for investor protection. He added that MiCA’s tough rules make this approval even more important and that Bitstamp will now be able to offer a highly reliable and protected crypto experience for its European customers.

With global licenses already under its belt, Bitstamp continues to lead in regulatory adherence. The exchange is known for following strong Know Your Customer (KYC) processes, ensuring high security, and protecting users’ assets. It recently updated its stablecoin offerings to align with MiCA rules, showing how quickly it adapts to new regulations.

Bitstamp is planning to go even further. It aims to expand its services to both retail and institutional investors across the EU and is actively working to get more licenses in other important markets.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

What is a CASP license under MiCA regulation?

A CASP license allows crypto firms to legally operate across all EU states under unified MiCA crypto asset regulations.

Why is Bitstamp’s CASP license important?

It enables Bitstamp to legally expand crypto services across the EU and EEA with strong investor protections and full regulatory compliance.

editorial staff