The regulations are getting more tractor and tighter with every passing day for the businesses involved in the cryptocurrency sector making it a bit more difficult for them to kind of squeeze themselves into the regulations and make themselves compliant with them and continue their operations as they used to be doing.
We have seen the effects of an absence of regulatory Framework as well as what can be the situation where the businesses are subjected to unclear regulations and also focused upon making themselves more and more struggling in this market also their operations are being questioned every November then and the prime example of this is surely going to be the European market as well as the American market where both of these markets have been struggling for the cryptocurrency sector as the businesses are finding it very difficult to keep themselves afloat in these rough waters.
If it talks about only the European market then it is getting more and more difficult for companies to get into that particular sector of the market as it is been protected white a lot or it is been made allotment difficult for the company to get themselves enrolled there and get their operation started over there as their a lot of such regulations which is not allowing the company is to continue the normal operations as they would have normally done if there was the things that they were used to be acting with but due to the changes that are being made almost now and then it has become something that a companies are avoiding or at least facing a lot of problem you want to get compliant with them.
Bitpanda crypto exchange has managed to get a license in Norway and it is now eligible to operate its operations in that particular country which is a big thing as European crypto exchanges are something that is facing quite a lot of issues because of the regulatory changes that are being made but Bitpanda is one such exchange which is the biggest in Europe and it also holds a license to habits operation completely running in a lot of European countries such as Austria Germany France and Sweden.
Right now if we talk about the European Union then Norway doesn't come under it but definitely, the presence of a European trip to exchange in that particular country is big news and also something that may have a huge impact in the upcoming years as it may have different asset regulation rules for cryptocurrencies and it has a presence over there will mean a big change in the ecosystem as it is going to have something different and also the country needed investment platform which could be trusted and such a big exchange which is completely based on Europe is going to be a big thing for Norway.
The biggest issue that a lot of major cryptocurrency exchanges are facing in the European market is definitely with the regulations that are present over there and if it talks about a particular place then in the United Kingdom the financial market regulator has already been very strict on the crypto exchanges as we have seen in the recent times that it has added a lot of cryptocurrency businesses to the warning list.
All of this has led to the process of getting a license in any of the European countries being a lot more difficult and operating in those situations is something which is a really hard thing to process and getting themselves into these territories does require a lot of changes in the operations to make themselves eligible to operate in the first place and getting all of that is definitely of bigger achievement and that has been done by bit Panda as it as a present in a lot of European countries at the present and it also has already userbase which is more than 4 million and it is Europe leading financial institutions for digital assets.
It really will be very interesting to see how the European market is going to look after a couple of years as it is in a very chaotic mood right now we are seeing regulatory changes being made every November and those changes are having a huge impact at the end of the day on the market and the entire ecosystem as a whole. Apart from that there are a lot of the places in the world that are facing a lot of similarity kind of situations at present as well and that is going to be the US which has lost a lot of business due to the same they have moved out of the country and look for opportunities as well in the world.
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