Bitstamp’s European services deployment stands in stark comparison to that of the United States, where tough regulatory steps have caused traditional banking entities to wary regarding jumping into the crypto space. According to Robert Zagotta, the Global Chief Business Officer and US Department CEO at Bitstamp, the Markets in Crypto-Assets (MiCA) permit in the European Union has helped pave the way for such firms to lawfully move into the digital asset market. “Over the last six up to nine months, we’ve had numerous inquiries regarding this facility from giant financial institutions in Europe,” Zagotta revealed to CoinDesk. “We’re detaiing and are engaged in strong talks with three well-known names and hopefully we will be announcing our advancement in the first quarter of this year.”
EU regulations give way for traditional banking to become involved in the crypto realm. On occasions, Bitstamp has systemically examined its presentation of an agenda of options for perpetual swap instruments by responding to the demands in the business sector. In contrast, the agency declared that it halted its staking services for US customers since the complex regulations posed an issue. This seemingly displays the contrast between the regulatory framework in the European Union and the United States in the cryptocurrency business.
