Bitpanda Flags MiCA Implementation Gaps Across European Union
Benedikt Faupel, head of public affairs at Bitpanda, highlights that Europe’s Markets in Crypto-Assets Regulation (MiCA) allows for uneven implementation across EU member states. Bitpanda holds three MiCA licenses and aims to provide regulatory clarity in a previously fragmented landscape with 17 licensing regimes. Despite MiCA's benefits, Faupel notes significant differences in local regulatory approaches, leading to imbalances in licensing processes. He emphasizes the need for closing regulatory gaps to ensure a level playing field in the EU. Faupel suggests that while MiCA is largely effective, improvements in reporting requirements are necessary. Bitpanda actively engages with EU lawmakers to promote industry maturity. Additionally, Deutsche Bank plans to enable cryptocurrency storage for clients in partnership with Bitpanda starting next year.
