Standard Chartered-backed digital asset exchange Zodia Markets has registered as a Virtual Asset Service Provider (VASP) with the Central Bank of the Republic of Ireland. The registration will enable Zodia Markets to provide over-the-counter (OTC) trading and exchange services to institutional clients.
It follows news that Zodia Markets obtained similar licenses in the UK last year and Abu Dhabi last month and now has a licensed entity in the European Union (EU). The upcoming EU Markets in Crypto-Assets Regulation (MiCA) will theoretically make it easier for crypto companies licensed in one of the trading bloc’s member states to obtain the licenses needed to operate in the other 26 member states.