Bitpanda Obtains MiCA License from BaFin for EU Operations
Crypto exchange Bitpanda has secured the EU's Markets in Crypto-Assets (MiCA) license from the German Federal Financial Supervisory Authority (BaFin). This allows Bitpanda to operate across all 27 EU member states under a uniform regulatory framework.
Key Points
- Bitpanda is the second crypto asset service provider to obtain BaFin’s full MiCA license, following Boerse Stuttgart Digital Custody.
- The license became effective on December 30, 2024.
- Bitpanda aims to leverage the license for growth, targeting over 450 million potential users.
- CEO Eric Demuth emphasizes the importance of safe investing and compliance for attracting investors.
- Concerns remain about the enforcement of MiCA regulations and their effectiveness in ensuring compliance among all firms.
- Demuth suggests European lawmakers should look to the US for regulatory examples.