#Crypto.com Receives EU Crypto License#
Hot Topic Overview
Overview
Crypto.com has received in-principle approval from the Malta Financial Services Authority, bringing it closer to securing a European Union Markets in Crypto-Assets (MiCA) license, meaning it will soon be able to operate fully across the EU. This follows companies like Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and Hidden Road in obtaining MiCA licenses. Gaining full regulatory approval will enable Crypto.com to provide its market-leading crypto services across the EU, enhancing transparency in the industry. Notably, 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, becoming the first MiCA-licensed crypto service provider in Germany.
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 means Crypto.com is expected to soon receive its full CASP license, allowing it to serve customers across all 27 EU member states. Obtaining the MiCA license will enable Crypto.com to operate in the EU under a unified regulatory framework, improving industry transparency. Notably, Boerse Stuttgart Digital, a subsidiary of Germany's stock exchange operator, Stuttgart Stock Exchange, has also been granted a MiCA crypto-asset service provider license by Germany's financial regulator BaFin, making it the first crypto service provider in Germany to receive a MiCA license. These events demonstrate that the EU is actively pushing for crypto regulation, providing a clearer operating environment for crypto companies and fostering the development of the crypto-asset market across Europe.
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Public Sentiment
Discussion Word Cloud
Classic Views
Crypto.com becomes the first global exchange to receive an EU MiCA license, allowing it to operate across the EU under a unified regulatory framework.
The MiCA license will enable Crypto.com to offer its market-leading crypto services across the EU, significantly enhancing transparency in the sector.
Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Stuttgart Stock Exchange, has also received a MiCA license and plans to expand its services to European financial institutions.
The issuance of MiCA licenses marks a step forward for EU crypto regulation, providing a clearer regulatory framework for the crypto industry and fostering its development.