B2C2 Expands into Luxembourg with Acquisition of Local Registration
UK-based crypto trading firm B2C2 has announced its expansion into Luxembourg through the acquisition of a local virtual asset registration. This move makes B2C2 the 12th officially licensed crypto firm in the country, joining the ranks of Bitstamp, PayPal, Zodia Custody, and others. The registration will enable B2C2 to offer over-the-counter spot crypto trading to institutional clients and collaborate with local crypto services and traditional financial institutions.
Denzel Walters, previously a business manager at B2C2’s London office, will lead the Luxembourg branch. Walters brings experience from his previous roles at the Bank of England, the Prudential Regulatory Authority, and Optima Partners.
MiCA Regulation and Future Plans
B2C2 CEO Thomas Restout highlighted that obtaining VASP registration in Luxembourg is an important milestone as the company prepares for MiCA regulation. Restout emphasized the growing virtual asset community in Luxembourg and expressed commitment to providing exceptional liquidity and service to clients.
About the Author
Anna is a senior policy reporter at The Block. With a background in political journalism, she has covered Russian civil society for various news outlets in Moscow. Anna has spent the past five years investigating cryptocurrency policies and adoption worldwide at CoinDesk. She owns bitcoin and a sentimental NFT gift.
Hot Take: B2C2 Expands Its Presence in Europe with Luxembourg Acquisition
B2C2’s acquisition of a local virtual asset registration in Luxembourg marks its entrance into this rapidly expanding market. By obtaining VASP registration, B2C2 solidifies its position as a major player in the region, joining other well-established crypto firms. This move allows B2C2 to provide institutional clients with over-the-counter spot crypto trading and collaborate with local and traditional financial institutions. With an experienced leader at the helm of its Luxembourg branch, B2C2 is well-positioned to navigate the upcoming MiCA regulation and continue delivering exceptional liquidity and service to its clients.
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