#Crypto.com Granted EU MiCA License#
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Overview
Crypto.com has received in-principle approval from the Malta Financial Services Authority, bringing it closer to obtaining a European Union (EU) Markets in Crypto-assets (MiCA) license, which would allow it to operate fully across the trading bloc. This means Crypto.com is expected to receive its full CASP license soon, allowing it to serve customers in the 27-nation European trading bloc. Previously, Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Stuttgart Stock Exchange, also received a MiCA crypto-asset service provider license from German regulator BaFin, becoming the first crypto service provider in Germany to receive a MiCA license. These events mark significant progress for the crypto industry within the European regulatory landscape, indicating that more and more crypto companies are seeking MiCA licenses to operate legally and compliantly within the EU market.
Ace Hot Topic Analysis
Analysis
Crypto.com has received in-principle approval from the Malta Financial Services Authority, bringing it closer to obtaining an EU (EU) Markets in Crypto-assets (MiCA) license, which will allow it to operate fully across the trading bloc. This means Crypto.com is expected to soon receive its full CASP license, which will enable the company to serve customers in the European trading bloc of 27 countries. Obtaining full regulatory approval will allow Crypto.com to offer its market-leading crypto services throughout the EU under a streamlined and robust framework, significantly enhancing transparency in the sector. Crypto.com will join the likes of Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and major brokerage and clearing firm Hidden Road as companies that have received MiCA licenses. Notably, Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Boerse Stuttgart, also received a MiCA crypto-asset service provider license from the German regulator BaFin and plans to expand its services for European financial institutions.
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Classic Views
Crypto.com has received in-principle approval for a MiCA license from the Malta Financial Services Authority, making it the first global exchange to operate in the EU under a unified regulatory framework.
The MiCA license allows the company to serve customers across the 27-nation European trading zone, enabling Crypto.com to provide its market-leading crypto services across the entire EU under a streamlined and robust framework, thereby significantly improving transparency in the industry.
Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Stuttgart Stock Exchange, has received a MiCA crypto asset service provider license from German regulator BaFin, planning to expand its services for European financial institutions.
Obtaining a MiCA license will allow the company to operate across the EU, which will bring greater transparency and regulation to the cryptocurrency industry.