Adding Luxembourg to its European footprint, B2C2 grows. B2C2 may now provide crypto services to institutional customers thanks to the approval.
B2C2, a market leader in liquidity solutions, has announced its entry into the Luxembourg market after regulatory clearance from the CSSF. This comes six months after B2C2 successfully obtained a license to operate in France, and it is part of a larger strategic drive to expand their footprint across the European Union.
The British company B2C2 may now supply institutional customers with over-the-counter (OTC) spot crypto services thanks to its certification as a VASP from the Luxembourg regulatory body. On this momentous occasion, B2C2 has achieved the status of eleventh VASP in the public register of the CSSF.
The business entered the Luxembourg market in August of last year after obtaining a license from the French financial regulator, the Autorité des Marchés Financiers (AMF). B2C2 obtained this license via its purchase of Woorton, a company located in Paris.
The appointment of Denzel Walters as team leader in Luxembourg highlights B2C2’s dedication to cultivating a robust regional presence; Walters was formerly a supervisor at the Bank of England.
Before the European Union’s Markets in Crypto Assets (MiCA) law takes effect, expanding into Luxembourg is crucial. When fully implemented, the MiCA law would provide detailed, sector-specific regulations for the 27-nation trade bloc’s cryptocurrency industry.
Gaining regulatory certification in Luxembourg shows that B2C2 is ready for future frameworks, which will help it establish itself as a trustworthy and compliant participant in the crypto industry.
With the growing virtual asset community in Luxembourg, Thomas Restout, who was just named CEO of B2C2, stressed the need to get VASP registered there.
As B2C2 prepares for the impending adoption of MiCA legislation and keeps up with regulatory changes, Restout emphasized the significance of this milestone.