One of the longest-standing cryptocurrency exchanges – Bitstamp – registered with the Financial Markets Authority in France. Thus, it followed other rivals, including Binance and Crypto.com, which already secured the green light from the watchdog.
Bitstamp previously received approval from other European countries, including Italy and Spain.
Entering the French Market
France’s top monetary regulator – the Autorité des marchés financiers (AMF) – added Bitstamp to the list of cryptocurrency platforms allowed to offer products and services to local users. The firm highlighted the move on its Twitter page, saying it is “thrilled” to expand to the nation.
The Luxembourg-based company obtained licenses in other European nations over the past several months. It registered as a virtual asset service provider (VASP) in Italy in July 2022 and was authorized by the Spanish regulators in November.
Other cryptocurrency platforms allowed to operate in France are Binance, Bitpanda, and Crypto.com. Binance’s registration in May last year was its first on the Old Continent. Shortly after, it was greenlighted in many different regions, including Spain, Italy, Sweden, and Poland.
The Partnership With Immortals
Bitstamp joined forces with the American professional esports organization – Immortals – nearly a year ago to serve as its official cryptocurrency exchange and a founding partner. The partners’ main goal is to establish a bridge between the gaming industry and the digital asset sector. Bobby Zagotta – CEO of Bitstamp USA – stated:
“Our partnership with Immortals is an extension of our mission to empower our customers by creating a more authentic experience between crypto and gaming. The esports community is diverse, passionate, and highly-attuned to the digital evolution. It is among the first to explore the integration of digital assets within their industry.”
The three-year collaboration will also explore non-fungible token (NFT) integrations.
“This partnership will further enhance the Immortals fan experience with real, tangible benefits that connect the crypto and gaming worlds,” Jordan Sherman – CEO of Immortals – added.
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Source: https://cryptopotato.com/bitstamp-secures-an-operational-license-in-france/