A prominent European cryptocurrency exchange, BitPanda, headquartered in Vienna, has achieved a significant milestone by becoming one of the pioneering foreign entities to obtain a virtual asset service provider license in Norway. This announcement was made through BitPanda’s official social media account, previously known as Twitter, on October 19.
BitPanda already holds licenses in several European jurisdictions, including Austria, Germany, France, the Czech Republic, and Sweden. According to Bitpanda’s Deputy CEO, Lukas Enzersdorfer-Konrad, this registration represents another crucial stride in the company’s ongoing expansion throughout Europe.
"It is obvious that we in Europe need an investment platform that we can trust. At Bitpanda, we have set out to be that platform. Over the last 12 months, we have been The only European provider to receive licenses in Germany, Sweden and Norway. We now have more than 4 million users and enable Europe's leading financial institutions and neobanks to offer digital assets.”
In May 2023, Norway, a nation located outside the European Union, expressed its willingness to chart an independent course in the realm of cryptocurrency asset regulation. In their annual report, Norway’s Central Bank conveyed its belief that the forthcoming pan-European Markets in Crypto Assets (MiCA) regulation might not fully address the comprehensive spectrum of regulatory requirements within the crypto sector.