UK-based digital asset liquidity provider B2C2 has secured a virtual asset service provider (VASP) registration expanding its operations to Luxembourg ahead of new rules being implemented in Europe.

The Markets in Crypto Assets Regulation (MiCA), due to take effect this year, is the European Union’s comprehensive crypto law. The legislation promises legal certainty, compliance challenges and global implications. MiCA’s primary goal will be to establish a unified rulebook for regulating crypto-asset markets.

London-based B2C2 said in a press release it has officially become the twelfth VASP to be registered on the Commission de Surveillance du Secteur Financier’s (CSSF) public register in Luxembourg.

VASP Perks 

According to the liquidity provider obtaining a VASP registration will allow B2C2 to offer over-the-counter spot crypto services to institutional clients. Other perks include collaborating with local VASPs, traditional financial institutions, and other market participants.

B2C2 said it has appointed Denzel Walters, to head up the  Luxembourg team as head of Luxembourg. Prior to the promotion, Walters was the Business Manager in B2C2’s London office. Walters has previously held positions at the Bank of England, Prudential Regulatory Authority, and Optima Partners.

B2C2 operates across the Americas, Asia-Pacific and EMEA regions. “As B2C2 prepares for MiCA regulation to come to force, obtaining VASP registration in Luxembourg is a further milestone for B2C2, as Luxembourg is home to a rapidly expanding virtual asset community,” said Thomas Restout, CEO of B2C2 in a press release.