Bitstamp CEO, Jean-Baptiste Graftieaux, claims that institutional clients are showing "massive crypto interest" in his <a href="https://www.bitstamp.net/" target="_blank" rel="nofollow noopener">trading platform</a>. Based in Luxembourg, Bitstamp is a significant crypto exchange that allows trading between Bitcoin, fiat currency, and other cryptocurrencies. According to Graftieaux, many institutional organizations are eager to enter the <a href="https://www.cryptoknowmics.com/news/6-reasons-behind-the-current-cryptocurrency-market-crash/" target="_blank" rel="noopener">cryptocurrency market</a> for the first time.
<h2>Crypto Regulation And Institutional Interest</h2>
Jean-Baptiste Graftieaux discussed his thoughts on cryptocurrency regulation in a conversation with a press release on Monday.

In response to a question about "crypto winter," he said that Bitstamp has a very active licensing journey throughout all the locations, with 10 in process internationally. His cryptocurrency exchange will expand its regulatory footprint over the upcoming quarters. We observe a strong tendency on the institutional side. He further elaborated,
<blockquote><em>"Many institutional companies are looking to make their first move into crypto – there is massive crypto interest from our institutional clients."</em></blockquote>
<h2>MiCA By The European Commission</h2>
The European Commission launched the Markets in Crypto-Assets (<a href="https://www.cryptoknowmics.com/news/eu-approves-mica-rule-to-stifle-cryptocurrency-and-stablecoins/" target="_blank" rel="noopener">MiCA</a>) proposal in September 2020 to control the cryptocurrency market as part of its digital finance agenda. The European Central Bank (ECB) anticipates that MiCA will contribute to the establishment of a uniform legal framework for digital assets.

The Bitstamp CEO highlighted,
<blockquote><em>"Each jurisdiction has its own criteria. So with MiCA coming in 18 to 24 months, that will be a game-changer because there will be a level playing field."</em></blockquote>
Graftieaux stated that there would be one nation where you may establish your operations as MiCA-compliant and then passport the services across the various European nations.

The Bitstamp CEO concluded that, according to them, they observe a healthy trend from a regulatory viewpoint and are working with <a href="https://www.cryptoknowmics.com/news/french-regulators-grant-luno-a-digital-asset-license/" target="_blank" rel="noopener">regulators</a> on an ongoing basis. He said,
<blockquote><em>"Most regions and countries are looking into regulating crypto. The key risk here is around ensuring regulations are smart and they foster a level playing field."</em></blockquote>

Bitstamp Observes 'Massive Crypto Interest' From Institutional Clients

Bitstamp CEO, Jean-Baptiste Graftieaux, many institutional organizations are eager to enter the cryptocurrency market for the first time.

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Bitstamp Observes 'Massive Crypto Interest' From Institutional Clients

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