Summary: Bitpanda, a comprehensively regulated digital currency exchange, extends its services to more than 80 countries, with a primary focus on the European Economic Area (EEA) and a selection of international locations. The platform enforces rigorous identity verification processes, mandating passport use for all users and accepting national ID cards in certain countries.
Regulatory considerations typically dictate restrictions on countries beyond the EEA. Bitpanda's operation is bolstered by multiple European licenses, enabling it to provide a diverse range of financial services efficiently and securely.
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What Countries is Bitpanda Available?
Bitpanda, a renowned digital asset trading platform, extends its services to investors in over 80 nations, encompassing the European Economic Area (EEA) and beyond. The reach of Bitpanda's services includes, but is not limited to, a diverse array of countries such as Australia, Austria, Canada, Finland, France, Germany, Greece, Ireland, Italy, Malta, the Netherlands, Poland, Spain, Sweden, Switzerland, the United Kingdom, and others.
For user authentication and security, Bitpanda mandates passport verification for clients in all operating countries. Additionally, the platform accommodates other forms of identification, including national ID cards, in select countries, including Austria, Belgium, Bulgaria, among others. This approach underscores Bitpanda's commitment to adhering to rigorous security standards while offering flexible user verification methods across its international operations.
What Countries Does Bitpanda Restrict?
Bitpanda does not explicitly list restricted countries on their website. However, it primarily served countries within the European Economic Area (EEA) and a few others. Restrictions are generally placed on countries outside this area.
Typically, cryptocurrency exchanges may restrict countries due to regulatory constraints, especially those related to Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. Such countries might include North Korea, Iran, and others under international sanctions.
Bitpanda Regulation and Licensing
Bitpanda operates under a robust regulatory framework with multiple licenses that enable it to offer a wide range of financial services. These include:
- Markets in Financial Instruments Directive II (MiFID II): This key license forms part of a comprehensive regulatory structure aimed at enhancing investor protection and fostering market integrity. The MiFID II framework is recognized across Europe, effectively eliminating the need for individual country licenses.
- Revised Payment Services Directive (PSD2) Compliance: Bitpanda adheres to the PSD2 regulations, which empowers it to handle user payments efficiently and securely. This compliance ensures a streamlined and safe payment processing experience for its users.
- Electronic Money Institution (EMI) Registration: Based in Austria, Bitpanda is registered as an Electronic Money Institution. This allows the platform to issue electronic money, further diversifying its service offerings. The EMI registration, similar to the MiFID II and PSD2 licenses, holds validity across all European nations.
These licenses and compliances collectively ensure that Bitpanda operates within a secure and regulated environment, offering services like the issuance and sale of stocks and ETFs based on derivative contracts, while adhering to high standards of investor protection and market integrity.
Where Does Bitpanda Offer Staking?
Bitpanda currently offers its staking services to investors situated in the European Economic Area (EEA). This limitation in service availability is due to regulatory considerations that currently restrict staking options to countries within the EEA. Bitpanda is actively working towards expanding its staking services to a broader audience, contingent on navigating and adhering to the varying regulatory landscapes.
In conclusion, Bitpanda stands as a versatile and secure digital asset platform, offering a range of services to over 80 countries, primarily within the European Economic Area (EEA). While it upholds stringent security protocols for user authentication, it also demonstrates flexibility in accepting various forms of ID in certain regions. Regulatory adherence is a cornerstone of Bitpanda's operations, evident in its compliance with MiFID II, PSD2, and EMI regulations, ensuring a trustworthy environment for financial transactions and services.