In accordance with Binance News, Plasma, a blockchain company focused on building a stablecoin network, announced a major expansion in Europe to provide regulated payment services. The company acquired an Italian entity holding a Virtual Asset Service Provider (VASP) license, enabling it to legally process cryptocurrency transactions and custody assets in the region. As part of its EU expansion, Plasma will open a new office in Amsterdam and has appointed a Chief Compliance Officer and Money Laundering Reporting Officer. Plasma also plans to apply for a Crypto-Asset Service Provider (CASP) designation and an Electronic Money Institution (EMI) license under the EU’s new MiCA regulation. These moves will allow Plasma to offer asset exchanges, card issuance, and customer fund custody under regulatory oversight. Plasma’s global payments director, Adam Jacobs, stated that the Netherlands is one of Europe’s most mature payment hubs, and expanding its team and regulatory footprint there will open new pathways for payment stack solutions, from stablecoin settlements to licensed financial infrastructure.
Plasma Acquires VASP License, Expands in EU with Amsterdam Office
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