Standard Chartered, one of the world’s largest banks, has introduced cryptocurrency services in Europe following the acquisition of a digital asset license in Luxembourg. The bank has established a new entity in Luxembourg to serve as its regulatory entry point for offering crypto and digital asset custody services in the European Union. This move aligns with the implementation of the Markets in Crypto-Assets (MiCA) Regulation in the EU. The CEO of Standard Chartered’s Luxembourg entity, Laurent Marochini, will oversee the launch of crypto services limited to Bitcoin and Ether initially, with plans to add more assets in the future. The bank's focus is on crypto custody services, not trading, emphasizing high-security standards as a regulated entity in Europe. This expansion is part of Standard Chartered's global strategy to enhance its crypto custody offerings, following the introduction of similar services in the United Arab Emirates in 2024. Read more AI-generated news on: https://app.chaingpt.org/news