News Tech: Jean-Baptiste Graftieaux, the CEO of Bitstamp worldwide, discussed his thoughts on cryptocurrency regulation in an interview with Business2community that was released on Monday.
The executive continued, saying that in order to be “in a great position to fully participate in the next bull run,” his cryptocurrency exchange will expand its regulatory footprint over the next quarters. We observe a strong tendency on the institutional side, he said, going on to explain:
In response to a question about “crypto winter,” he said Bitstamp has “a very busy licencing journey throughout all the locations, with 10 in process internationally.”
Our institutional clients have a tremendous amount of interest in cryptocurrency, and many organisations are wanting to enter the space for the first time.
According to Graftieaux, there will be one nation where you may establish your operations as MiCA-compliant and then passport the activities across the various European nations.
“I think we are seeing a good trend from a regulatory standpoint and we are engaging with regulators on an ongoing basis,” the Bitstamp CEO said in conclusion. Most nations and regions are considering regulating cryptocurrency. The main concern here is making sure the laws are wise and promote fair competition.