Bitstamp, one of the oldest crypto exchanges in the world, has received a Crypto Asset Service Provider (CASP) license under the European Union’s Markets in Crypto-Assets (MiCA) regulation. Luxembourg’s financial watchdog, the Commission de Surveillance du Secteur Financier (CSSF), announced the approval earlier today, as detailed by the firm . This new license is a big move for Bitstamp . It comes just a few months after the company got a MiFID license in 2024, which lets it run a Multilateral Trading Facility under regular financial rules. Bitstamp Cleared to Operate Across Europe With this CASP license, Bitstamp can now provide many services across Europe. These include running a crypto trading platform, executing buy and sell orders for customers, and safely holding crypto assets for users. To get the license, Bitstamp had to meet strict rules. These include anti-money laundering (AML) checks, Know Your Customer (KYC) processes, and customer ID checks. Bitstamp must now continue to follow strong rules regarding how it handles user funds and shares information with customers. Bitstamp To Use Passporting System to Expand Across Europe The MiCA license allows Bitstamp to use the EU’s “passporting” system. Since the exchange is licensed in Luxembourg, it can now offer services in all 27 EU countries without needing separate approval in each one. This makes things easier for Bitstamp. It no longer has to follow different rules in each country. Now, it can follow one set of rules across the European Economic Area (EEA). This also helps the company grow and reach more customers, both regular users and big investors. Bitstamp said it will continue to apply for more licenses in essential markets and mentioned recent updates to its stablecoin services to meet MiCA’s rules. These rules focus on how stablecoins are backed and how transparent their issuers must be. Bitstamp did not share all the details, but the move shows its effort to comply with EU standards. MiCA’s Role in EU Crypto Regulation MiCA, passed in 2023, is the first major law to bring all EU countries under one crypto rulebook. The law started taking effect in 2024 , and crypto companies now need to register in at least one EU country and follow tough rules, including AML, KYC, and operational guidelines. Authorities in Germany, France, and other EU nations work closely with the European Securities and Markets Authority (ESMA) to enforce the law. This is pushing more crypto exchanges to seek CASP licenses to stay active in the European market. As the EU steps up its regulation, more exchanges are changing to meet MiCA standards . Companies like OKX and BitGo are applying for licenses in several countries, while others are adjusting their products and services to meet the new rules. The post Bitstamp Secures EU-Wide Crypto License Under MiCA Rules appeared first on TheCoinrise.com .
