B2C2 secures Luxembourg MiCA CASP license for EU OTC trading

B2C2 has received a Crypto-Asset Service Provider (CASP) license from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), the firm said Friday. The authorization allows B2C2 to offer regulated over-the-counter spot crypto trading across all European Union member states and three European Economic Area countries using MiCA’s passporting rules.

MiCA, the Markets in Crypto-Assets framework, was proposed in 2020, adopted by the European Parliament in 2023 and has applied to crypto firms since December 2024. Member states and market participants are in a transition period that runs until July 2026, after which certain crypto services must hold MiCA-compliant approvals to operate across the EU.

B2C2 registered as a virtual asset service provider in Luxembourg in 2024 and pursued full CASP authorization to expand regulated operations in Europe. The firm says it is the first global OTC liquidity provider to obtain a CASP license. The approval covers the activities defined under MiCA that enable regulated OTC spot trading and related liquidity services across the EU and specified EEA jurisdictions through passporting.

Thomas Restout, B2C2’s chief executive, described the authorization as ‘a significant accomplishment', noting it reflects the firm’s regulatory and operational standards and its long-standing focus on compliance and governance.

CASP holders operate from a chosen EU host state but remain subject to ongoing supervision by that state's regulator and must follow MiCA’s operational, reporting and consumer protection requirements. Several exchanges and service providers have already secured MiCA-related authorizations and are operating from host states within the bloc.