B2C2 has become the first global over-the-counter (OTC) crypto liquidity provider to secure authorization under the European Union’s Markets in Crypto-Assets (MiCA) framework.
The license was granted by Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), allowing the firm to operate as a fully regulated Crypto-Asset Service Provider (CASP) across the European Union and European Economic Area through MiCA’s passporting system.
MiCA opens door to EU-Wide expansion
With the CASP license, B2C2 can now expand its OTC spot crypto trading services throughout all EU member states and participating EEA countries under a single regulatory framework.
The company said the authorization reinforces its long-term focus on compliance, governance, and institutional-grade market infrastructure.
“Obtaining MiCA authorisation is a significant accomplishment for B2C2,” said Thomas Restout, Group CEO at B2C2. “It demonstrates the regulatory and operational standards we operate under, and reflects our long-standing focus on regulatory compliance and governance.”
He added that the company is “proud to set this benchmark and become the first OTC Liquidity Provider to receive a MiCA CASP licence.”
Luxembourg emerges as European crypto hub
B2C2 established operations in Luxembourg in 2024 after initially registering as a Virtual Asset Service Provider (VASP). The company said the country’s evolving digital asset ecosystem and regulatory clarity played a key role in its expansion plans.
“Since launching operations in Luxembourg in 2024, we have been impressed by the country’s forward-looking regulatory approach and growing digital asset ecosystem,” said Denzel Walters, Head of Luxembourg at B2C2.
Walters added that the MiCA authorization would enable B2C2 to scale regulated services for institutional clients across Europe.
Institutional crypto adoption continues
The approval comes as crypto firms accelerate efforts to secure regulatory licenses under MiCA, which became fully applicable to crypto-asset service providers in December 2024.
Earlier this month, Circle also secured MiCA-related approval to expand services for its USDC and EURC stablecoins across Europe, highlighting increasing institutional interest in regulated crypto infrastructure within the region.
B2C2 has continued expanding its institutional presence globally in recent years. In 2025, the Siemens and B2C2 JPMorgan Chase’s blockchain-based foreign exchange settlement network alongside Siemens, reflecting growing integration between traditional finance and digital asset infrastructure.
The company currently operates across Europe, the Americas, and the Asia-Pacific region, with offices in London, Luxembourg, Paris, and a technology hub in Poland.
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