🇪🇺 https://t.co/vCNztATSCO is extremely proud to be the first major global crypto asset service provider to receive in-principle approval of its MiCA Licence 🇪🇺
The licence will enable the company to passport services across the EU under the new MiCA regulatory framework.
The… pic.twitter.com/JMWEmGSzb3
— Crypto.com (@cryptocom) January 17, 2025
Crypto.com to Expand Crypto Services Across the EU
The MiCA regulatory framework, passed in 2023, is the EU’s first comprehensive set of rules for digital assets, designed to enhance transparency and consumer protection while fostering innovation in the crypto sector. Since its introduction, numerous crypto firms have been actively pursuing CASP licenses to ensure compliance and gain regulatory approval for their services.
“Receiving full regulatory approval will allow Crypto.com to provide its market-leading range of crypto services across the EU under a streamlined and robust framework bringing a significantly improved degree of transparency to the sector,” a company stated in an emailed response.
Once granted the full MiCA license, Crypto.com will join an exclusive list of approved entities, including Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and Hidden Road, a prime brokerage and clearing company.
The licensing process shows the increasing institutionalization of the cryptocurrency sector, as companies seek regulatory clarity to expand their footprint in key global markets.
The approval from Malta’s regulatory body reflects the country’s role as a hub for digital asset businesses within the EU. As MiCA implementation progresses, industry players anticipate that uniform regulations will reduce legal uncertainties and improve investor confidence in the European crypto market.
Also Read: Donald Trump Wants to Make Cryptocurrency a National Priority for US
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Publish date : 2025-01-17 14:54:00
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