Gains VASP Registration in Ireland

Standard Chartered-backed Zodia Markets, a digital asset exchange and brokerage platform, has been registered as a virtual asset service provider (VASP) with the Central Bank of Ireland (CBI), thus further aligning its services with regulatory requirements.

Announced today (Friday), the registration has been granted to the local subsidiary, Zodia Markets (Ireland) Limited. It will enable the company to provide over-the-counter (OTC) trading and exchange services to institutional clients.

Further, it will allow Zodia Markets to offer services in the broader European Union. The registration came when the EU streamlined itself with the incoming Markets in Cryptoassets Regulation (MiCA), which will set a standard for crypto companies within the bloc.

“Zodia Markets join a growing number of firms operating in the regulated digital asset space in Ireland,” said Jennifer Carroll MacNeill TD, Minister of State at the Department of Finance in Ireland.

“Along with the IDA, we want to continue to attract the best business, the compliant business, the strong risk management
Risk Management

One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class,

One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class,
Read this Term business to Ireland. This is because we want the businesses to emerge that will grow, expand, and help provide a sustainable future as part of our broader successful international financial services industry, which has been built up over the last thirty years.”