EU traditional banking interest in crypto is going mainstream

Swiss crypto company Taurus is providing infrastructure and custodial services for the French bank Banque Delubac & Cie. The bank has recently been granted the status of Digital Asset Service Provider (DASP). It can now offer digital asset services to its customers. The CEO of Taurus, Lamine Brahimi, said, “the demand now is getting mainstream.”
The move comes from clearer guidance in the regulatory framework for crypto coming in as the Markets In Crypto Assets act, currently being finalized in the European Parliament. MEP Ondrej Kovarik, a supporting rapporteur for MICA, told us directly that,

“MICA is intended to ensure a common approach across the single market, addressing the new risks that crypto-assets pose, ensuring predictability and harmonization… and at the same time, lay dawn an innovation-friendly framework that is not an obstacle to potential changes in the marketplace, allowing for innovation in the sector, making the EU an attractive jurisdiction.”

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