#Crypto.com Granted EU Crypto License#
Hot Topic Overview
Overview
Crypto.com has received in-principle approval for a MiCA license from the Malta Financial Services Authority, which means it will soon obtain a full CASP license, enabling 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 under a unified regulatory framework in the EU. Furthermore, Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Stuttgart Stock Exchange, has also secured a MiCA crypto-asset service provider license from Germany's financial regulator BaFin, becoming the first crypto service provider in Germany to receive a MiCA license. These events highlight the European crypto industry's proactive embrace of regulation and its move toward a more standardized environment.
Ace Hot Topic Analysis
Analysis
Crypto.com has received in-principle approval from the Malta Financial Services Authority, bringing it closer to securing an EU (EU) Markets in Crypto-assets (MiCA) license, which will allow it to operate fully across the European trading zone. Obtaining a MiCA license would enable Crypto.com to offer its market-leading crypto services across the EU, significantly boosting transparency in 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 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 services provider Tradevest has also received a cryptocurrency custody and securities registration license from the German Federal Financial Supervisory Authority (BaFin). These events highlight the proactive pursuit of regulatory compliance within the European crypto industry, signaling readiness for wider service offerings within the EU.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Crypto.com receives in-principle approval for a European 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 across the 27-nation European trading bloc, increasing transparency in the industry.
Gaining the MiCA license will enable Crypto.com to offer its market-leading crypto services across the EU.
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 regulator BaFin.