The Vienna-based fintech unicorn just pulled off a hat trick in the world of crypto regulation.
They’ve bagged their third Markets in Crypto-Assets Regulation license, this time from Austria’s Financial Market Authority.
Austria joins Germany and Malta in giving Bitpanda the green light to operate under Europe’s shiny new crypto rules.
Empire
Bitpanda isn’t playing small ball here. They’re not just another crypto platform trying to stay afloat in a sea of volatility.
No, they’re building what they call the most regulated crypto platform in Europe. Bold claim, huh?
But with three MiCAR licenses under their belt and over ten other regulatory approvals across the continent, they might actually have the receipts to back it up.
Eric Demuth, Bitpanda’s CEO and co-founder, is practically shouting from the rooftops about their commitment to regulation.
Even before MiCAR, we were one of Europe’s most regulated platforms, he said. And now?
They’ve been vetted by three different regulators in three countries. That’s like winning three rounds of a heavyweight championship, proof that they’re serious about creating a secure environment for their 6.5 million users.
Sync
But let’s not forget what this means for us, the average investor. More protection, higher standards, and dare I say, a little peace of mind in an industry that often feels like the Wild West.
Bitpanda claims their platform has been tested and approved by some of Europe’s toughest financial authorities.
If you’re putting your money into crypto, knowing your platform isn’t flying by the seat of its pants is worth something.
MiCAR was supposed to harmonize crypto regulations across the EU. One set of rules for everyone, sounds simple enough, right?
Yet Bitpanda went out and grabbed multiple licenses anyway. Why? Maybe because consistency isn’t exactly MiCAR’s strong suit yet.
Some member states are interpreting these rules differently, and Bitpanda isn’t waiting around for everyone to get on the same page.
Leading
With over 600 cryptocurrencies and thousands of stocks and ETFs available on their platform, Bitpanda is gearing up to scale big across Europe.
Lukas Enzersdorfer-Konrad, their deputy CEO, says no other setup compares to theirs. And honestly?
He might be right. So here we are, Bitpanda is setting the bar high while the rest of the industry scrambles to catch up.
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