Austrian exchange Bitpanda lays off 30% of staff, says it expanded too fast
Bitpanda joins hundreds of firms that are laying off their staff as the ‘crypto’ winter bites, with the exchange saying its expansion was unsustainable.
Bitpanda joins hundreds of firms that are laying off their staff as the ‘crypto’ winter bites, with the exchange saying its expansion was unsustainable.
Bitpanda claimed that it could now perform regulated custodian services in the U.K., but the FCA, which regulates Trustology, quickly put that notion to rest with an announcement of its own.
The Payment and Service Derivative 2 license from the Financial Market Authority Austria allows crypto firm Bitpanda to offer its service in various countries both in the European Union and the European Economic Area.
Some of the largest cryptocurrency brokers in Europe are joining calls for regulation in the cryptocurrency space, asking for their own market to become more regulated sooner rather than later.