Bitstamp, one of the world’s oldest and most trusted cryptocurrency exchanges, has officially been granted its Crypto Asset Service Provider (CASP) license by the Luxembourg-based Commission de Surveillance du Secteur Financier (CSSF).
This approval is under the European Union’s Markets in Crypto-Assets (MiCA) regulation, which provides a robust legal framework for the digital asset sector.
The newly acquired CASP license, combined with the European Passport, enables Bitstamp to operate across the European Economic Area (EEA). This includes the execution of trades on behalf of clients, the custody of crypto-assets, and the overall management of its trading platform, making Bitstamp one of the most highly regulated exchanges in the global market.
A Major Milestone for Bitstamp
Securing the MiCA approval is a significant achievement for Bitstamp, especially considering it comes just a year after the company obtained the MiFID license for operating a Multilateral Trading Facility (MTF). This dual licensing underscores Bitstamp’s dedication to meeting the highest regulatory standards in the cryptocurrency industry.
Jean-Baptiste Graftieaux, Global CEO of Bitstamp, commented, “Bitstamp has long been an advocate for regulatory frameworks that prioritize investor protection and market integrity, and MiCA achieves this in spades. This approval allows us to offer our customers in Europe a secure and trustworthy environment for trading crypto-assets.”
Commitment to Security and Compliance
With a comprehensive global licensing portfolio, Bitstamp continues to reinforce its position as one of the most compliant crypto exchanges in the world. The CASP license under MiCA affirms Bitstamp’s commitment to maintaining the highest security protocols, transparent Know Your Customer (KYC) procedures, and most importantly, a focus on client protection.
Additionally, the exchange has enhanced its stablecoin offerings to align with MiCA’s guidelines, further cementing its role as a trusted player in the digital asset ecosystem.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitstamp-receives-casp-license-under-eu-mica-regulation/