B2C2 Expands Reach with Luxembourg Regulatory Approval

Leading global crypto liquidity provider, B2C2, has gained regulatory approval to operate in Luxembourg, signalling an expansion of its European Union footprint.

A Milestone for B2C2

The company’s registration with the Commission de Surveillance du Secteur Financier’s (CSSF) public register in Luxembourg marks it as the 12th virtual asset service provider (VASP) in the country. B2C2’s diverse clientele spans the Americas, Asia-Pacific, and EMEA regions. This new regulatory approval represents a significant step in the company’s growth, as Luxembourg’s swiftly evolving digital asset market offers ample opportunities.

Leadership in Luxembourg

Denzel Walters, Business Manager at B2C2’s London office, is set to lead the Luxembourg team as the Head of Luxembourg. Walters brings extensive regulatory and business expertise from his previous roles at the Bank of England, the Prudential Regulatory Authority, and Optima Partners. His robust leadership experience is expected to be a valuable asset in his new role.

Opportunities in Digital Asset Ecosystem

The VASP registration will allow B2C2 to offer over-the-counter (OTC) spot crypto services to institutional clients. This opens up increased opportunities for collaboration within the burgeoning digital asset ecosystem. In addition to partnerships with local VASPs, B2C2 will also be able to collaborate with traditional financial institutions and other market participants.

The Luxembourg VASP registration follows B2C2’s recent acquisition of Woorton, a Paris-based digital assets liquidity provider. This move further cements B2C2’s growing EU presence ahead of the upcoming Markets in Crypto Assets (MiCA) regulations.

Preparing for MiCA Regulation

Group CEO of B2C2, Thomas Restout, sees the VASP registration in Luxembourg as a crucial milestone for the company in light of the impending MiCA regulation. He acknowledged Luxembourg’s rapidly expanding virtual asset community and expressed confidence in Denzel Walters’ ability to ensure a seamless operational and trading experience for clients in Luxembourg.

In response, Walters expressed his excitement to lead B2C2’s Luxembourg operations and his eagerness to contribute to the local digital asset ecosystem. He highlighted the company’s commitment to delivering unparalleled liquidity and exceptional service to clients, mirroring its operations in the UK, US, and Asia-Pacific.