Price: $0.31489 -1.9354%
Market Cap: 46.39B 1.4104%
Volume (24h): 4.16B 0%
Dominance: 1.4104%
Price: $0.31489 -1.9354%
Market Cap: 46.39B 1.4104%
Volume (24h): 4.16B 0%
Dominance: 1.4104% 1.4104%
  • Price: $0.31489 -1.9354%
  • Market Cap: 46.39B 1.4104%
  • Volume (24h): 4.16B 0%
  • Dominance: 1.4104% 1.4104%
  • Price: $0.31489 -1.9354%
Home > Information news > Crypto Exchange Bitpanda Secures VASP License in Norway

Crypto Exchange Bitpanda Secures VASP License in Norway

Release: 2023/10/20 08:15 Reading: 617

Original author:TheNewsCrypto

Original source:https://coinmarketcap.com/community/articles/6531bac7c1ae5738a4bff407

  • Bitpanda joins an exclusive group of pioneering foreign firms in gaining this license.
  • Norway has stated its willingness to pursue its own crypto regulatory framework.

Crypto exchange Bitpanda, recently received its virtual asset service provider (VASP) license from the Norwegian authorities. Bitpanda joins an exclusive group of pioneering foreign firms in gaining this license.

On October 19th, Bitpanda made public their successful application for a crypto license on Twitte­r. Bitpanda also has licenses in other European countries, including Austria, Germany, France, the Czech Republic, and Sweden.

Eyeing Europe Expansion

Bitpanda’s deputy CEO, Lukas Enzersdorfer-Konrad, said that the firm’s registration in Norway is a major step forward in its plans to expand across Europe.

Norway has stated its willingness to pursue its own crypto regulatory framework apart from the European Union. The country’s central bank expressed worry in its annual report published in May 2023 that the upcoming EU Markets in Crypto-Assets (MiCA) law would not adequately address all crypto regulatory demands.

Through a number of current initiatives, Norway has actively backed crypto innovation and development. For instance, Norway’s biggest bank, DNB ASA, is working with the IOTA Foundation to investigate the advantages of blockchain technology.

Bitpanda has secured licenses in many European countries. On the flip side, several large crypto exchanges have run into regulatory hurdles. Most crypto exchanges are facing challenges with regulatory scrutiny across the globe.

As it expands its presence and services throughout Europe, Bitpanda distinguishes out as a firm devoted to complying with local laws and regulations, with over 300 tradable cryptocurrencies and 2600 digital assets available to its consumers.

Highlighted Crypto News Today:

Dogecoin Price Movement Syncs with Bitcoin Amid ETF Hopes

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.