Bitstamp CEO, Jean-Baptiste Graftieaux, claims that institutional clients are showing “massive crypto interest” in his trading platform. Based in Luxembourg, Bitstamp is a significant crypto exchange that allows trading between Bitcoin, fiat currency, and other cryptocurrencies. According to Graftieaux, many institutional organizations are eager to enter the cryptocurrency market for the first time. Crypto Regulation And Institutional Interest Jean-Baptiste Graftieaux discussed his thoughts on cryptocurrency regulation in a conversation with a press release on Monday. In response to a question about “crypto winter,” he said that Bitstamp has a very active licensing journey throughout all the locations, with 10 in process internationally. His cryptocurrency exchange will expand its regulatory footprint over the upcoming quarters. We observe a strong tendency on the institutional side. He further elaborated, “Many institutional companies are looking to make their first move into crypto – there is massive crypto interest from our institutional clients.” MiCA By The European Commission The European Commission launched the Markets in Crypto-Assets (MiCA) proposal in September 2020 to control the cryptocurrency market as part of its digital finance agenda. The European Central Bank (ECB) anticipates that MiCA will contribute to the establishment of a uniform legal framework for digital assets. The Bitstamp CEO highlighted, “Each jur...
