“`html Zodia Markets secures VASP registration in Ireland
Zodia Markets, the digital asset exchange supported by Standard Chartered, has achieved registration as a Virtual Asset Service Provider (VASP) in Ireland. The Central Bank of Ireland (CBI) has granted VASP approval to Zodia Markets (Ireland) Limited. This milestone aligns the platform with the upcoming implementation of the EU’s comprehensive crypto laws, the Markets in CryptoAssets Regulation (MiCA).
Zodia Markets’ Expansion in Europe
This registration allows Zodia to expand its services in Europe, including crypto exchange and OTC trading. According to Michael Walsh, CEO of Zodia Markets Ireland, “The registration will act as a launchpad for the business to enter the EU, a market where we see significant opportunity and demand for our offering, and it paves the way for future MiCA authorization when the regulations are implemented.”
Ireland, with its supportive regulatory environment, continues to attract crypto companies. Coinbase, with regulatory approval as an e-money institution and VASP in the country, recently announced Ireland as its European hub. Another major crypto company, Kraken, has also been registered in Ireland as a CIB-approved e-money provider.
Zodia Markets and MiCA
MiCA laws are expected to go into effect in the second half of 2024, and Zodia’s registration in Ireland positions the company well for European expansion amid these new regulations. This development reflects Zodia’s commitment to compliance and its strategic approach to operating within a regulated framework.
Zodia Markets’ VASP registration in Ireland not only demonstrates the company’s dedication to regulatory compliance but also underlines its ambitions for European growth and presence over the long term.
Zodia Markets’ regulatory approval in Ireland is a testament to the platform’s commitment to meeting the highest standards of operations and compliance in the digital asset space.
European Crypto Market Development
The registration in Ireland signifies a significant step for Zodia Markets, providing the platform regulatory approval in the EU. This approval is instrumental in positioning Zodia to cater effectively to the growing demand for digital asset services and facilitating its expansion in Europe.
Elevating Zodia’s Position in Europe
The VASP registration in Ireland fortifies Zodia Markets’ position in the European digital asset market and sets the stage for the platform’s strategic growth and expansion across the region. This development serves as a key enabler for Zodia’s long-term aspirations and reinforces its commitment to operating within a regulated and compliant framework.
This article was originally published on CoinJournal.
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