Bitpanda secures VASP License for digital asset trading in Norway

In an Oct. 19 post on X, Bitpanda, the European crypto exchange, announced their receipt of a VASP license in Norway. This makes the exchange the first non-local entity to achieve this milestone.

A regulated broker across Europe

A VASP license is a legal authorization granted by a local regulatory authority which allows users to provide services related to virtual assets. Amid global regulatory uncertainty, many European countries have since introduced regulations requiring VASPs to obtain a license.

According to the post, Bitpanda believes the VASP license will be crucial in reinforcing the exchanges status as the most rigorously regulated broker in Europe and opens doors to extend safe and secure digital asset trading services to a vast new customer base.

Hei På Deg Norway!

We‘re very excited to announce that we’ve become the first non-local firm to be granted a VASP licence in Norway. This latest licence further solidifies our position as Europes most regulated broker and will allow us to bring safe and secure digital assets… pic.twitter.com/jIVAMd1QxB

— Bitpanda (@Bitpanda_global) October 19, 2023

Bitpanda currently holds licenses in Austria, Germany, France, Czechia and Sweden.

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Another first

In a press release dated Nov. 23 of last year, Bitpanda announced that it had become the first fully licensed European Crypto exchange in Germany.

At the time, the exchange said that the license, much like the one in Norway, will be an important milestone in creating a fully regulated environment for crypto investments in Europe.