#Crypto.com Granted MiCA License#

Crypto.com has received in-principle approval for a MiCA license from the Malta Financial Services Authority, meaning it is now on track to receive a full CASP license, allowing it to provide services across the European Union. This follows Crypto.com's efforts to secure a Crypto Asset Service Provider (CASP) license under MiCA after the bespoke crypto legislation was passed in 2023. Achieving full regulatory approval will enable Crypto.com to offer its market-leading crypto services across the EU under a streamlined and robust framework, significantly increasing transparency within the industry. Notably, Crypto.com is not the first crypto service provider to secure a MiCA license. Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Boerse Stuttgart, has already received a MiCA Crypto Asset Service Provider license from German regulator BaFin and plans to expand its services for European financial institutions. Additionally, financial services provider Tradevest has also secured a cryptocurrency custody and securities registration license from the German Federal Financial Supervisory Authority (BaFin). These developments demonstrate Europe's proactive stance on regulating the cryptocurrency industry and establishing a safer and more transparent operating environment for crypto service providers.