#Crypto.com Receives MiCA License#
Hot Topic Overview
Overview
Crypto.com recently received MiCA in-principle approval from the Malta Financial Services Authority, making it the first global exchange to operate in the EU under a unified regulatory framework. This means Crypto.com is on track to receive a full CASP license, allowing it to offer services across all 27 EU countries. In addition to Crypto.com, Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Boerse Stuttgart, also received a MiCA crypto-asset service provider license from German regulator BaFin, with plans to expand its services to European financial institutions. These developments indicate that more and more crypto exchanges are actively seeking MiCA licenses to operate legally and compliantly in the EU market, which will contribute to greater transparency and regulatory oversight in the crypto industry.
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 would enable Crypto.com to operate fully across the EU trading zone, serving customers in 27 countries. Obtaining a MiCA license would allow Crypto.com to operate within a unified regulatory framework in the EU, increasing industry transparency. It is worth noting that Crypto.com is not the first crypto service provider to receive MiCA approval. 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 Germany's regulator BaFin and plans to expand its services to European financial institutions. Additionally, financial services provider Tradevest has also obtained a cryptocurrency custody and securities registration license from Germany's Federal Financial Supervisory Authority (BaFin).The MiCA regulation is set to come into effect at the end of 2024 and is expected to bring greater regulatory transparency and security to the crypto industry.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Crypto.com became the first global exchange to receive MiCA licensing, allowing it to operate in the EU under a unified regulatory framework.
The MiCA license allows the company to provide services to customers across the 27-nation European trading bloc, increasing transparency in the industry.
Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Boerse Stuttgart, has also received MiCA licensing, with plans to expand services for European financial institutions.
Receiving MiCA licensing will enable Crypto.com to offer its market-leading crypto services across the entire EU and increase transparency in the industry.