B2C2 Secures VASP Approval in Luxembourg, Poised for EU MiCA Regulation

Regulatory Milestone for B2C2

B2C2, a liquidity provider focused on cryptocurrencies, has achieved a significant milestone by achieving regulatory approval as a virtual asset service provider (VASP) in Luxembourg. This authorization propels the London-based company's growth within the European Union, affirming its capacity to deliver over-the-counter (OTC) spot crypto services to its institutional clientele.

Strategic Expansion in the EU

The endorsement by Luxembourg's Commission de Surveillance du Secteur Financer (CSSF) marks B2C2 as the 12th VASP registered in the nation. Holding an earlier license from the French Autorité des Marchés Financiers (AMF), the firm is strategically positioning itself ahead of the Markets in Crypto Assets (MiCA) regulation. This impending EU directive represents a significant regulatory framework for the crypto industry.

Leadership and Acquisitions

Preparing for the regulatory shifts, B2C2's leadership under the guidance of Denzel Walters and recently appointed CEO Thomas Restout, ensures readiness for the MiCA. The company, which became part of the Japanese financial giant SBI Holdings in 2020, is poised to benefit from the burgeoning virtual asset landscape in Luxembourg.