Market maker B2C2 said it received a CASP license from Luxembourg’s financial regulator, the CSSF.
The license allows B2C2 to expand OTC spot services across the EU and three EEA countries through the MiCA passporting regime.
The company said the approval makes it the first global OTC liquidity provider to receive CASP authorization, demonstrating its regulatory compliance capabilities and operating standards.
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Market maker B2C2 has obtained a crypto-asset service provider license in the European Union.
The Block reported on May 15 that B2C2 received a Crypto-Asset Service Provider, or CASP, license from Luxembourg’s Commission de Surveillance du Secteur Financier, or CSSF. The approval allows the firm to provide regulated services under the EU’s Markets in Crypto-Assets, or MiCA, framework.
The license enables B2C2 to expand over-the-counter spot services across all EU member states and three European Economic Area countries through MiCA’s passporting regime. The company said it is the first global OTC liquidity provider to receive CASP authorization.
B2C2 previously completed its Virtual Asset Service Provider, or VASP, registration in Luxembourg last year. Chief Executive Officer Thomas Restout said the approval demonstrates the company’s regulatory compliance capabilities and operating standards.