Vilnius, Lithuania - 12th December 2024 - Kasta, aiming to build the most user-friendly crypto & cash payments platform with Ka.app, has secured a Virtual Asset Service Provider (VASP) registration from Bank of Lithuania (Lietuvos Bankas) in Lithuania, marking its third European regulatory approval.
This registration complements Kasta's existing VASP authorizations in Italy and Bulgaria, with each jurisdiction enabling the platform (www.ka.app) to provide regulated services within their respective territories. The Lithuanian registration authorizes Kasta to offer cryptocurrency exchange services - including crypto-to-fiat, fiat-to-crypto, and crypto-to-crypto transactions - as well as crypto wallet services.
Carl Roegind, CEO of Kasta, said “This additional registration strengthens our position in the European market at a crucial time for our industry with MiCA on the horizon. As the crypto landscape continues to mature, having a clear regulatory framework helps us focus on what matters most - building innovative payment solutions that users can confidently rely on. We're committed to setting high standards for compliance while making crypto payments accessible to everyone."
This registration aligns with Kasta's ongoing development roadmap, and positions the platform to continue providing regulated services through its Ka.app platform.
About Kasta / Ka.app
Kasta is aiming to bring crypto to the masses with both its alternative & easy to use mainstream payment services, while keeping fees low. The platform already makes numerous features such as swaps, P2P payments, personalised IBANs, and debit card issuing easy, simple, and accessible. Through its platform found on www.ka.app, it aims for globalized cryptocurrency adoption and improving the functionality of financial services.
