Zodia granted VASP registration by CBI

Zodia Markets, the Standard Chartered backed digital asset exchange and brokerage platform, has received its registration as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. This follows on from the firm receiving cryptoasset registration from the UK’s Financial Conduct Authority in 2022 and its in-principle approval by Abu Dhabi Global Markets in 2023.

The VASP registration, which has been granted to Zodia Markets (Ireland) Limited, will enable the delivery of OTC trading and exchange services to institutional clients. The move precedes the implementation of the Markets in Cryptoassets Regulation (MiCA) in the EU, which is due to take effect in 2024 and will require the authorisation and supervision of crypto asset service providers.

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