Bitstamp, one of the most established cryptocurrency exchanges, has been registered with the Financial Markets Authority (FMA) in France. It followed other competitors, such as Crypto.com and Binance, who had already received the approval of the watchdog.
Bitstamp has been approved by other European countries before, including Spain and Italy.
French Market Entry
The Autorite des marches financiers, France’s most powerful monetary regulator (AMF), is the top French regulator. Additional Bitstamp has been added to the list for cryptocurrency platforms that allow local users to access products and services. The firm highlighted The company posted the news on Twitter, stating that it was “thrilled” by the opportunity to expand into the country.
Over the past few months, licenses were obtained in other European countries by the Luxembourg-based company. It Register As a virtual asset services provider (VASP), in Italy, July 2022. Authorized By the Spanish regulators on November.
Other cryptocurrency platforms that are allowed to operate in France include Binance, Bitpanda, Crypto.com. Binance was the first to register on the Old Continent in May 2013. It was soon approved in several other regions, including Spain and Italy. SwedenAnd Poland.
The Partnership with Immortals
Bitstamp teamed up with Immortals, an American professional esports organisation, almost a year ago in order to serve as its official cryptocurrency exchange. It also serves as a founding partner. Their main goal is to create a bridge between gaming and digital asset sectors. Bobby Zagotta, CEO of Bitstamp USA, stated:
“Our partnership with Immortals extends our mission to empower customers by creating an authentic experience between gaming and crypto. The esports community has a diverse and passionate fan base that is highly aware of the digital evolution. It was the first to integrate digital assets into their industry.
This three-year collaboration will also examine non-fungible token integrations (NFT).
Jordan Sherman, CEO of Immortals, stated that “this partnership will further enhance Immortals fans experience with tangible benefits that connect crypto and gaming worlds.”