Standard Chartered Bank Starts Serviceing Crypto Services In Europe
JAKARTA – Standard Chartered, a large British bank, recently obtained a license at Luxembourg to provide crypto asset custodies throughout the European Union. This license is part of the bank’s efforts to expand its crypto services under the newly implemented Markets in Crypto-Assets (MiCA) regulations. This regulation aims to unify crypto rules across EU member countries.
Through this license, Standard Chartered can enter the EU market regularly through Luxembourg-based entities. This move allows banks to offer safe crypto asset custodial services for institutional clients in the region.
Margaret Harwood-Jones, Head of Global Financing at Standard Chartered, welcomed this development, stating that the…
