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B2C2 Secures EU Presence with VASP Registration in Luxembourg


B2C2, a cryptocurrency market-maker owned by Japan’s SBI Holdings, has expanded its presence in continental Europe by registering as a digital asset service supplier (VASP) in Luxembourg. It has develop into the twelfth firm to obtain the crypto registration within the nation.

The authorization by the nation’s Fee de Surveillance du Secteur Financier will enable the London-headquartered firm to supply over-the-counter (OTC) spot crypto providers to institutional purchasers. It’s going to additional allow the corporate to collaborate with native VASPs, conventional monetary establishments, and different market contributors.

“As B2C2 prepares for MiCA regulation to return to pressure, acquiring VASP registration in Luxembourg is an additional milestone for B2C2, as Luxembourg is residence to a quickly increasing digital asset group,” said Thomas Restout, who was promoted to the place of Group CEO, final month.

B2C2 was acquired by Japanese big SBI Holdings on the finish of 2020, solely 5 months after the conglomerate invested $30 million within the crypto firm. The corporate already has a various consumer base throughout the Americas, Asia-Pacific, and EMEA areas.

The London-headquartered agency entered the European Union final yr by buying French market-making agency Woorton, which allowed B2C2 to function within the 27-country bloc with Woorton’s PSAN license issued by the AMF.

New Head of Luxembourg

Denzel Walters, Head of Luxembourg at B2C2

Additional, to bolster its operations below the brand new European Union registration, the corporate has appointed Denzel Walters, Enterprise Supervisor in B2C2’s London workplace, because the Head of Luxembourg. Earlier than becoming a member of B2C2, he labored with two prime UK regulators, the Financial institution of England, the Prudential Regulatory Authority

Restout highlighted details about the position: “Together with his regulatory information and confirmed expertise delivering distinctive progress at B2C2, [Walter] will guarantee purchasers in Luxembourg obtain a seamless operational and buying and selling expertise.”

Walters stated: “According to our operations within the UK, US, and Asia-Pacific, our workplace in Luxembourg will stay dedicated to offering unparalleled liquidity and distinctive service to our purchasers.”

B2C2, a cryptocurrency market-maker owned by Japan’s SBI Holdings, has expanded its presence in continental Europe by registering as a digital asset service supplier (VASP) in Luxembourg. It has develop into the twelfth firm to obtain the crypto registration within the nation.

The authorization by the nation’s Fee de Surveillance du Secteur Financier will enable the London-headquartered firm to supply over-the-counter (OTC) spot crypto providers to institutional purchasers. It’s going to additional allow the corporate to collaborate with native VASPs, conventional monetary establishments, and different market contributors.

“As B2C2 prepares for MiCA regulation to return to pressure, acquiring VASP registration in Luxembourg is an additional milestone for B2C2, as Luxembourg is residence to a quickly increasing digital asset group,” said Thomas Restout, who was promoted to the place of Group CEO, final month.

B2C2 was acquired by Japanese big SBI Holdings on the finish of 2020, solely 5 months after the conglomerate invested $30 million within the crypto firm. The corporate already has a various consumer base throughout the Americas, Asia-Pacific, and EMEA areas.

The London-headquartered agency entered the European Union final yr by buying French market-making agency Woorton, which allowed B2C2 to function within the 27-country bloc with Woorton’s PSAN license issued by the AMF.

New Head of Luxembourg

Denzel Walters, Head of Luxembourg at B2C2

Additional, to bolster its operations below the brand new European Union registration, the corporate has appointed Denzel Walters, Enterprise Supervisor in B2C2’s London workplace, because the Head of Luxembourg. Earlier than becoming a member of B2C2, he labored with two prime UK regulators, the Financial institution of England, the Prudential Regulatory Authority

Restout highlighted details about the position: “Together with his regulatory information and confirmed expertise delivering distinctive progress at B2C2, [Walter] will guarantee purchasers in Luxembourg obtain a seamless operational and buying and selling expertise.”

Walters stated: “According to our operations within the UK, US, and Asia-Pacific, our workplace in Luxembourg will stay dedicated to offering unparalleled liquidity and distinctive service to our purchasers.”

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