Bitpanda Expands Operations in UK Following FCA Approval

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Bitpanda has secured approval from the UK’s Financial Conduct Authority (FCA) to enhance its cryptocurrency services in the country.

This authorization allows the Austria-based platform to offer its complete array of digital asset products to UK investors.

This advancement follows Bitpanda’s recent acquisition of a Markets in Crypto-Assets Regulation (MiCAR) license from Germany’s Federal Financial Supervisory Authority (BaFin). The MiCAR framework aims to regulate digital asset service providers throughout the European Union.

Eric Demuth, Co-Founder and CEO of Bitpanda, expressed, “To be Europe’s leading crypto platform, being in the UK is essential.” With access to over 500 cryptocurrencies, Bitpanda claims to provide one of the most comprehensive offerings in the market.