Australian regulator issues Bitpanda with payments license for EU and EEA markets
- Bitpanda now has the license to operate in both the European Economic Area (EEA) and the European Union.
- “Our goal is to bridge the gap between the modern and traditional financial world,” MD Philipp Bohrn.
Bitpanda, an Austrian-based crypto trading platform recently announced that it has been granted a license as a payment provider. The license referred to as the Payment and Services Derivative 2 (PSD2) was granted by the Financial Market Authority Austria (FSA). The license gives the firm the mandate to operate in both the European Economic Area (EEA) and the European Union.
Philipp Bohrn, the managing director of Bitpanda said in regards to the news:
“Our goal is to bridge the gap between the modern and traditional financial world. The payment service provider license will allow us to tear barriers down.”
Another comment by a second MD of the company, Raiffeisen reads:
“We want to act as the missing link to make digital assets spendable anywhere our users want. With the license, we are a first mover in Europe to offer convenient and innovative features and services,”
Author
John Isige
FXStreet
John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren
