Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
A subsidiary of digital assets banking group Sygnum received a license as a crypto asset service provider in Liechtenstein.
The company wants to expand into the EU and EEA by leveraging the Markets in Crypto Assets legislation. Sygnum said it obtained a crypto license from Liechtenstein, paving the way for the Zurich and Singapore-based digital assets banking group to expand into the European Union under the bloc's Markets in Crypto-Assets Regulation .
The bank's subsidiary in the country received a license allowing it to offer regulated digital assets services, including brokerage, custody and banking.and others preparing to expand in Europe as MiCA takes effect.
"The registration as CASP in Liechtenstein paves the way for a significant expansion of our regulated footprint into the EU, the world’s largest trading bloc,” said Martin Burgherr, Sygnum's chief clients officer.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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