BitPanda Secures Virtual Asset Service Provider License in Norway, Pioneering European Exchange
Bitpanda, the largest European cryptocurrency exchange, has announced that it has secured a license to offer virtual asset services (VASP) in Norway, expanding its regulatory approvals.
On October 19, the Vienna-based cryptocurrency exchange, Bitpanda, announced the latest milestone on the company's official X account, that it has now become one of the first foreign cryptocurrency exchanges to receive a VASP license in Norway.
The VASP license is a requirement for all businesses that offer cryptocurrency exchange, custody, or trading services in Norway. With VASP, BitPanda now has the legal permission to provide a wide range of crypto-related services to Norwegian customers, including trading, custody, and exchange.
Bitpanda has obtained licenses for cryptocurrency trading and payment services in other European regions such as Austria, Germany, France, the Czech Republic, and Sweden.
To obtain the VASP license in Norway, BitPanda had to demonstrate that it has robust security measures in place to protect its users' funds and that it complies with all applicable laws and regulations. This latest license further solidifies our position as Europe's most regulated broker and will allow us to bring safe and secure digital asset trading to millions of new customers.
The deputy CEO of Bitpanda, Lukas Enzersdorfer-Konrad, said:
"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."
The license comes at a time when Norway
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