Plasma has obtained a VASP license to expand its stablecoin payment business in the EU.

[Plasma Obtains VASP License to Expand Stablecoin Payment Business in the EU] Blockchain company Plasma announced a significant business expansion in Europe to provide regulated payment services. The company stated on Thursday that it has acquired an entity with a Virtual Asset Service Provider (VASP) license in Italy, allowing it to legally process crypto asset transactions and custody assets in the region. As part of its EU expansion plan, the company will open a new office in Amsterdam, Netherlands, and has appointed a Chief Compliance Officer and an AML Reporting Officer.

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