Bitpanda Expands European Presence with New VASP License in Norway

Bitpanda, an Austrian crypto exchange headquartered in Vienna, obtained a virtual asset service provider (VASP) license in Norway, further expanding its presence in Europe.

In an announcement posted on X (formerly known as Twitter), the company said: "We're very excited to announce that we've become the first non-local firm to be granted a VASP license in Norway. This latest license further solidifies our position as Europe's most regulated broker and will allow us to bring safe and secure digital assets trading to millions of new customers."

Since Norway is not a member of the European Union, virtual asset providers in the region will be exempt from compliance with the upcoming Markets in Crypto-Assets Regulation (MiCA) introduced by the EU. The country said that it has its own plans for regulating the industry.

The crypto services provider has previously received its license in Austria, Czechia, France, Spain​, and Sweden. Last November, Bitpanda had secured a Germany crypto licence​, becoming the first European retail investment platform to receive a full licence from the German regulator BaFin for custody and proprietary trading of crypto assets.