B2C2 secures Luxembourg’s VASP license for OTC spot crypto services

Rick Steves

The VASP registration enables B2C2 to provide over-the-counter (OTC) spot crypto services to its institutional clientele. To spearhead the Luxembourg operation B2C2 appointed Denzel Walters.

B2C2 has recently received regulatory approval to operate in Luxembourg, enhancing its presence in the European Union as the Markets in Crypto-Assets (MiCA) regulation is set to come into effect by the end of 2024.

The prominent crypto liquidity provider serving institutional clients is now all set for this pivotal moment for digital asset service providers in Europe.

B2C2 is Luxembourg’s 12th VASP licensee

By securing its place as the 12th virtual asset service provider (VASP) registered with the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, B2C2 underscores its commitment to compliance and expansion within the EU’s evolving digital asset landscape.

The VASP registration enables B2C2 to provide over-the-counter (OTC) spot crypto services to its institutional clientele, facilitating closer cooperation with Luxembourg’s digital asset ecosystem, traditional financial institutions, and other stakeholders.

B2C2 has recently acquired Woorton, a Paris-based digital assets liquidity provider, as part of its broader strategy to solidify its EU presence in anticipation of the MiCA regulation.

Denzel Walters appointed Head of Luxembourg at B2C2

As part of its renewed presence in Europe, setting up shop in Luxembourg, B2C2 has appointed Denzel Walters as Head of Luxembourg.

Walters’s background includes significant roles at the Bank of England, the Prudential Regulatory Authority, and Optima Partners, equipping him with a deep understanding of regulatory frameworks and business operations in the financial sector.

Walters’ leadership in Luxembourg is expected to drive B2C2’s growth and operational excellence in the region, especially in anticipation of the EU’s Markets in Crypto-Assets (MiCA) regulation. His role will involve not only overseeing the firm’s expansion and compliance with local regulations but also fostering collaborations within the local digital asset ecosystem.

Thomas Restout, Group CEO of B2C2, said: “As B2C2 prepares for MiCA regulation to come into force, obtaining VASP registration in Luxembourg is a further milestone for B2C2, as Luxembourg is home to a rapidly expanding virtual asset community. Our new Head of Luxembourg, Denzel Walters, with his regulatory knowledge and proven experience delivering exceptional growth at B2C2 will ensure clients in Luxembourg will receive a seamless operational and trading experience”.

Denzel Walters, Head of Luxembourg of B2C2, added: “I am excited to lead B2C2’s Luxembourg operations and look forward to collaborating with and contributing to the local digital asset ecosystem. In line with our operations in the UK, US and Asia-Pacific, our office in Luxembourg will remain committed to providing unparalleled liquidity and exceptional service to our clients.”

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