Standard Chartered Makes Strategic Move in EU Crypto Market
Standard Chartered has solidified its position in the European digital asset space by securing a regulatory license in Luxembourg to provide digital asset custody services, the bank said in a statement on Thursday.
With the license, the bank is establishing a new entity in Luxembourg act as its gateway to the European Union (EU) for its growing suite of crypto offerings, aligning with the recently implemented Markets in Crypto Assets (MiCA) regulation, the announcement said.
The Luxembourg entity represents a pivotal step in Standard Chartered’s global digital asset strategy. By leveraging Luxembourg’s balanced regulatory and financial ecosystem, the bank aims to cater to the increasing demand from institutional clients within…
