Bitpanda Becomes First Major Crypto Firm to Secure MiCAR License in Europe
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Bitpanda has secured a MiCAR (Markets in Crypto-Assets Regulation) license from Germany's Federal Supervisory Authority (BaFin), making it the first major crypto company to do so. The company grew from 1 million users in 2019 to 6 million by December 2024, and will now operate across all EU member states under a unified regulatory framework.
Eric Demuth, CEO and Co-Founder of Bitpanda, explained: "With the first MiCAR licence for a major crypto player, Bitpanda is setting a new standard for the crypto industry, paving the way for secure and regulated services across Europe. This milestone enables us to bring easy and safe investing to over 450 million people."
Lukas Enzersdorfer-Konrad, Deputy CEO at Bitpanda, stated: "This achievement is the result of a decade of commitment to compliance and regulation. With MiCAR, we are not just meeting the industry's highest standards, we are setting them. Our focus now is on using this license to accelerate adoption and growth across the European market."
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