#Crypto.com Receives MiCA Approval#
Hot Topic Overview
Overview
Crypto.com has received in-principle approval for a MiCA license from the Malta Financial Services Authority, which means it is on the cusp of obtaining a full CASP license, allowing it to operate across the European Union. This is a major milestone for Crypto.com in securing a MiCA license, making it the first global exchange to operate in the EU under a unified regulatory framework. Additionally, Boerse Stuttgart Digital, a subsidiary of the German stock exchange operator Boerse Stuttgart, has also received a MiCA crypto asset service provider license from the German regulator BaFin, becoming the first crypto service provider in Germany to receive MiCA approval. These events demonstrate the crypto industry's proactive pursuit of regulatory compliance and laying the foundation for its development in the EU market.
Ace Hot Topic Analysis
Analysis
Crypto.com has received in-principle approval for a MiCA license from the Malta Financial Services Authority, meaning it is on track to receive a full CASP license, enabling it to operate across the European Union. This is a major milestone for Crypto.com in obtaining a MiCA license, making 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 received a MiCA crypto-asset service provider license from Germany's BaFin, becoming the first crypto service provider in Germany to obtain a MiCA license. These events indicate that Europe is actively pushing for regulation of the cryptocurrency industry, providing a clearer regulatory environment for crypto companies, which will help drive the healthy development of the European cryptocurrency market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Crypto.com receives MiCA in-principle approval, paving the way for a full CASP license to serve customers across the European Union.
The MiCA license will enable Crypto.com to offer its crypto services across the EU and increase industry transparency.
Boerse Stuttgart Digital becomes the first crypto service provider in Germany to receive MiCA approval, with plans to expand services to financial institutions across Europe.
The MiCA regulation will come into effect at the end of 2024, providing a unified regulatory framework for crypto asset service providers.