#Crypto.com receives EU 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. This means that Crypto.com is expected to receive its full CASP license soon, allowing it to serve customers across all 27 EU countries. Meanwhile, Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Stuttgart Stock Exchange, has also received a MiCA crypto asset service provider license from German regulator BaFin, making it the first crypto service provider in Germany to receive a MiCA license. These events indicate that a growing number of cryptocurrency exchanges are obtaining MiCA licenses, which will help increase transparency in the industry and pave the way for further development of cryptocurrencies in the EU.
Ace Hot Topic Analysis
Analysis
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. This means that Crypto.com is expected to soon receive its full CASP license, allowing it to provide services across all 27 EU countries. Obtaining MiCA licensing will enable Crypto.com to operate in the EU under a unified regulatory framework, enhancing industry transparency. It is worth noting that Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Boerse Stuttgart, has also received a MiCA crypto-asset service provider license from Germany's BaFin, becoming the first crypto service provider in Germany to obtain MiCA licensing. These developments indicate that the European cryptocurrency market is moving towards a more regulated landscape, providing a clearer regulatory environment for crypto companies, while also offering investors greater security.
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Public Sentiment
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Classic Views
Crypto.com received in-principle approval for an EU MiCA license, 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 in the European trading bloc of 27 countries, enhancing transparency in the industry.
Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Boerse Stuttgart, received a MiCA crypto-asset service provider license from the German regulator BaFin, with plans to expand services to European financial institutions.
Stuttgart Digital Exchange received a MiCAR cryptocurrency license, becoming the first German company to receive a license that allows it to operate throughout the EU.