Bitpanda, a prominent European crypto exchange, obtains a license in Norway, marking its continued expansion in Europe. This move reflects the growing demand for a trusted investment platform in the region.
Vienna-based Bitpanda, a major player in the European cryptocurrency exchange arena, has achieved a significant milestone by acquiring a virtual asset service provider license in Norway. This development solidifies Bitpanda’s presence in multiple European jurisdictions, including Austria, Germany, France, Czechia, and Sweden.
Bitpanda’s Deputy CEO, Lukas Enzersdorfer-Konrad, emphasized the importance of this achievement in their European expansion strategy. He stated, “It is evident that we need a trustworthy investment platform in Europe. Bitpanda aspires to be that platform. In the past year, we secured licenses in Germany, Sweden, and now Norway. With over 4 million users, we empower leading financial institutions and neobanks in offering digital assets.”
Notably, this comes at a time when Norway, although not part of the European Union, is exploring its approach to crypto asset regulation. The country’s central bank expressed reservations about the suitability of the upcoming pan-EU Markets in Crypto-Assets (MiCA) regulation for its unique needs.
In contrast, some crypto exchanges in Europe are facing regulatory challenges. Gemini, headquartered in New York, recently withdrew from the Netherlands due to compliance difficulties, and the UK’s Financial Conduct Authority added 143 unregistered asset providers to its warning list.