After Spain and Italy, Luxembourg-based crypto exchange Bitstamp has registered with the Financial Markets Authority in France.
According to the website of the French authority, Bitstmap will soon be authorized to provide crypto custody, trading, and buy/sell services in France while adhering to the country’s anti-money laundering regulations.
In obtaining recognition from one of the most advanced regulatory systems in the EU, the exchange has joined the ranks of Binance, Bitpanda, and Société Générale.
The new position of virtual asset supplier that the firm has been given in France has the corporation feeling “very pleased.”
The European cryptocurrency industry is now awaiting the arrival of the EU’s MiCA, which will impose stringent reserve and investor transparency requirements on crypto services like as wallets and exchanges when it is finally implemented.
Compiled by Coinbold
