Plasma Expands in Europe with VASP License and New Office
- Plasma has secured a Virtual Asset Service Provider (VASP) license in Italy.
- The company opened a new office in the Netherlands, enhancing its operational footprint in the EU.
- Plasma aims to launch a stablecoin-based neobank, targeting lower fees and faster transactions.
- The firm is pursuing additional licenses under MiCA and EMI regulations for broader service offerings.
- Plasma has attracted nearly $4 billion in stablecoin deposits shortly after its public launch.
These developments position Plasma to create a regulated ecosystem for stablecoin payments across the European Union, aiming to lead in digital asset exchanges and financial services compliance.
With nearly $4 billion in stablecoin deposits, Plasma’s expansion into Europe is set to enhance its influence on cryptocurrency payment systems globally. (Source)
