• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, January 28, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Bitstamp Sees ‘Massive Crypto Interest’ From Institutional Clients – Regulation Bitcoin News

August 24, 2022
in Regulations
Reading Time: 4 mins read
A A
ShareShareShareShareShare

Related articles

White House officials criticize Congress for not enacting crypto regulations

January 28, 2023

Elon Musk Wants McDonald’s to Accept Dogecoin; Amazon to Launch NFT Initiative

January 28, 2023

The CEO of a major cryptocurrency exchange, Bitstamp, says that his trading platform is seeing “massive crypto interest” from institutional clients. “Many institutional companies are looking to make their first move into crypto,” he explained.

Bitstamp’s CEO on Crypto Regulation, Institutional Interest

Bitstamp’s global CEO, Jean-Baptiste Graftieaux, shared his view on cryptocurrency regulation in an interview with Business2community, published Monday.

Discussing crypto winter, he explained that Bitstamp has “a very active licensing journey across all the regions – 10 in progress globally.”

The executive added that his crypto exchange will increase its regulatory footprint over the next couple of quarters in order to be “in a strong position to fully participate in the next bull run.” He shared, “We see a strong trend on the institutional side,” elaborating:

Many institutional companies are looking to make their first move into crypto – there is massive crypto interest from our institutional clients.

The CEO proceeded to discuss crypto regulation in Europe. “What we are experiencing today is not very smart in Europe,” he opined.

As an example, he explained that a crypto service provider wanting to do business in Europe must register with each country separately as a virtual asset service provider (VASP). Emphasizing that “Each country has its own requirements,” the Bitstamp boss noted:

So with MiCA coming in 18 to 24 months, that will be a game-changer because there will be a level playing field.

The Markets in Crypto-Assets ( MiCA) proposal was introduced by the European Commission in September 2020 to regulate the crypto market as part of its digital finance strategy. The European Central Bank (ECB) hopes that MiCA will help provide a harmonized legal framework for crypto assets.

“There will be one country where you can establish your activities as MiCA-compliant and then passport the activities across the different European countries,” Graftieaux described.

The Bitstamp CEO detailed, “I think we are seeing a good trend from the regulatory standpoint and we are engaging with regulators on an ongoing basis,” concluding:

Most regions and countries are looking into regulating crypto. The key risk here is around ensuring regulations are smart and they foster a level playing field.

What do you think about the comments by Bitstamp’s CEO? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It


Credit: Source link

ShareTweetSendPinShare
Previous Post

Pleb Miner Month Celebrates Home Bitcoin Miners – Bitcoin Magazine

Next Post

Big Eyes Coin and Shiba Inu Are Powering Meme Coins As Litecoin Offers Bitcoin Alternative

Related Posts

White House officials criticize Congress for not enacting crypto regulations

January 28, 2023

Four senior White House officials posted a blog yesterday, criticizing Congress for failing to enact cryptocurrency regulations. However, crypto regulations...

Elon Musk Wants McDonald’s to Accept Dogecoin; Amazon to Launch NFT Initiative

January 28, 2023

Tesla CEO Elon Musk has come out as a Dogecoin supporter again, expressing his love for the fast-food giant McDonald’s....

US Lawmaker Outlines Priorities to Regulate Crypto and Make America the Place for Blockchain Innovation – Regulation Bitcoin News

January 28, 2023

The chairman of a newly formed digital assets committee, U.S. Congressman French Hill, has outlined some priorities to regulate the...

SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto – Regulation Bitcoin News

January 28, 2023

A commissioner with the U.S. Securities and Exchange Commission (SEC) has called for “a coherent and consistent legal framework that...

Bitcoin Holds Steady Above $23K, White House Urges Congress to ‘Step Up’ Crypto Regulation

January 27, 2023

Latest PricesCoinDesk Market Index (CMI)1,092.39 +6.2 ▲ 0.6% Bitcoin (BTC)$23,144 +66.7 ▲ 0.3% Ethereum (ETH)$1,603 −0.8 ▼ 0.0% S&P 500...

Load More
Next Post

Big Eyes Coin and Shiba Inu Are Powering Meme Coins As Litecoin Offers Bitcoin Alternative

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Riding an electric wave Litecoin’s hashrate hits all-time high

January 26, 2023

The Case For and Against Crypto Regulations – Trustnodes

January 13, 2023

The Binance Security Team Takes Down Hacker

January 18, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • L’Dezen Shines With NFT Fashion Accessories
  • Meta Masters Guild Raises Over $1.5 Million During Presale with Just Days Left Before 23% Price Rise
  • How crypto turned Portugal into a promised land for entrepreneurs

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,035.00-0.45%
  • ethereumEthereum(ETH)$1,578.95-0.68%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.01%
  • usd-coinUSD Coin(USDC)$1.000.10%
  • binancecoinBNB(BNB)$307.110.22%
  • rippleXRP(XRP)$0.4113680.35%
  • binance-usdBinance USD(BUSD)$1.00-0.01%
  • cardanoCardano(ADA)$0.3861991.18%
  • dogecoinDogecoin(DOGE)$0.0887312.54%
  • matic-networkPolygon(MATIC)$1.15-1.72%
  • okbOKB(OKB)$39.509.17%
  • solanaSolana(SOL)$24.13-0.14%
  • staked-etherLido Staked Ether(STETH)$1,577.21-0.63%
  • polkadotPolkadot(DOT)$6.44-0.20%
  • shiba-inuShiba Inu(SHIB)$0.0000121.98%
  • avalanche-2Avalanche(AVAX)$20.8613.98%
  • litecoinLitecoin(LTC)$88.220.21%
  • tronTRON(TRX)$0.062566-0.52%
  • daiDai(DAI)$1.00-0.10%
  • uniswapUniswap(UNI)$6.66-1.21%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,019.00-0.05%
  • cosmosCosmos Hub(ATOM)$13.330.95%
  • ToncoinToncoin(TON)$2.531.98%
  • chainlinkChainlink(LINK)$7.24-0.61%
  • leo-tokenLEO Token(LEO)$3.79-1.22%
  • moneroMonero(XMR)$182.293.45%
  • ethereum-classicEthereum Classic(ETC)$21.81-0.10%
  • AptosAptos(APT)$18.181.80%
  • bitcoin-cashBitcoin Cash(BCH)$132.83-1.93%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0927560.42%
  • apecoinApeCoin(APE)$6.10-1.64%
  • quant-networkQuant(QNT)$148.74-2.41%
  • nearNEAR Protocol(NEAR)$2.47-1.53%
  • crypto-com-chainCronos(CRO)$0.080917-0.09%
  • filecoinFilecoin(FIL)$5.28-1.48%
  • lido-daoLido DAO(LDO)$2.27-4.53%
  • algorandAlgorand(ALGO)$0.2557081.13%
  • vechainVeChain(VET)$0.023996-2.07%
  • hedera-hashgraphHedera(HBAR)$0.067783-2.40%
  • internet-computerInternet Computer(ICP)$5.93-1.61%
  • axie-infinityAxie Infinity(AXS)$11.43-0.22%
  • decentralandDecentraland(MANA)$0.703.52%
  • aaveAave(AAVE)$84.77-3.68%
  • eosEOS(EOS)$1.09-2.76%
  • the-sandboxThe Sandbox(SAND)$0.74-1.06%
  • fantomFantom(FTM)$0.448910-5.78%
  • flowFlow(FLOW)$1.06-2.50%
  • elrond-erd-2MultiversX(EGLD)$44.450.12%