#Crypto.com Receives EU Crypto 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 will allow it to operate fully across the EU trading zone. This means that Crypto.com is expected to receive its full CASP license soon, enabling it to provide its market-leading crypto services across the EU within a streamlined and robust framework, significantly enhancing transparency in the industry. Notably, Crypto.com is not the first company to obtain a MiCA license. Boerse Stuttgart Digital, a subsidiary of the German stock exchange operator, Stuttgart Stock Exchange, has already received a MiCA crypto asset service provider license from the German regulator BaFin and plans to expand its services to European financial institutions. Additionally, financial service provider Tradevest has also received a cryptocurrency custody and securities registration license from the German Federal Financial Supervisory Authority (BaFin).
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Crypto.com has received in-principle approval from the Malta Financial Services Authority, bringing it closer to securing a license under the European Union's (EU) Markets in Crypto-assets (MiCA) legislation, allowing it to operate fully across the trading bloc. Obtaining a MiCA license would enable Crypto.com to serve clients across the entire EU and make it the first global exchange to operate in the EU under a unified regulatory framework. Previously, Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Boerse Stuttgart, also secured 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. The MiCA regulation, set to enter into force by the end of 2024, aims to provide a unified regulatory framework for the EU's crypto asset market, boosting transparency in the industry.
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Classic Views
Crypto.com has received in-principle approval for a MiCA license from the European Union, making it the first global exchange to operate in the EU under a unified regulatory framework.
The MiCA license allows the company to serve clients in the European trading zone, which is comprised of 27 countries, and increases industry transparency.
Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Boerse Stuttgart, has received a MiCA crypto asset service provider license from German regulator BaFin, and plans to expand services for European financial institutions.
The German Federal Financial Supervisory Authority has granted a crypto asset service provider (CASP) license to Stuttgart Digital Exchange under the MiCA regulations, which come into effect at the end of 2024, making it the first German company to receive a license allowing it to operate across the EU.