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The CEO of a major cryptocurrency exchange, Bitstamp, says that his trading platform is seeing \u201cmassive crypto interest\u201d from institutional clients. \u201cMany institutional companies are looking to make their first move into crypto,\u201d he explained.<\/strong>\n<\/p>\n \n Discussing crypto winter, he explained that Bitstamp has \u201ca very active licensing journey across all the regions \u2013 10 in progress globally.\u201d<\/p>\n The executive added that his crypto exchange will increase its regulatory footprint over the next couple of quarters in order to be \u201cin a strong position to fully participate in the next bull run.\u201d He shared, \u201cWe see a strong trend on the institutional side,\u201d elaborating:\n<\/p>\n Many institutional companies are looking to make their first move into crypto \u2013 there is massive crypto interest from our institutional clients.<\/p>\n<\/blockquote>\n \n As an example, he explained that a crypto service provider wanting to do business in Europe must register with each country separately as a virtual asset service provider (VASP). Emphasizing that \u201cEach country has its own requirements,\u201d the Bitstamp boss noted:\n<\/p>\n So with MiCA coming in 18 to 24 months, that will be a game-changer because there will be a level playing field.<\/p>\n<\/blockquote>\n \n \u201cThere will be one country where you can establish your activities as MiCA-compliant and then passport the activities across the different European countries,\u201d Graftieaux described.<\/p>\n The Bitstamp CEO detailed, \u201cI think we are seeing a good trend from the regulatory standpoint and we are engaging with regulators on an ongoing basis,\u201d concluding:\n<\/p>\n Most regions and countries are looking into regulating crypto. The key risk here is around ensuring regulations are smart and they foster a level playing field.<\/p>\n<\/blockquote>\nBitstamp\u2019s CEO on Crypto Regulation, Institutional Interest<\/h2>\n
\nBitstamp\u2019s global CEO, Jean-Baptiste Graftieaux, shared his view on cryptocurrency regulation in an interview with Business2community, published Monday.<\/p>\n\n
\nThe CEO proceeded to discuss crypto regulation in Europe. \u201cWhat we are experiencing today is not very smart in Europe,\u201d he opined.<\/p>\n\n
\nThe Markets in Crypto-Assets ( MiCA) proposal was introduced by the European Commission in September 2020 to regulate the crypto market as part of its digital finance strategy. The European Central Bank (ECB) hopes <\/a>that MiCA will help provide a harmonized legal framework for crypto assets.<\/p>\n\n