#Crypto.com Gets EU License#

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, which will allow it to operate fully across the European Trading Area. This means Crypto.com is expected to receive its full CASP license soon, allowing it to serve customers in the European Trading Area comprised of 27 countries. Gaining 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 in the industry. Crypto.com will join the likes of Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and leading brokerage and clearing firm Hidden Road, among others, in receiving MiCA licenses. Furthermore, Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Boerse Stuttgart, has also received a MiCA crypto asset service provider license from German regulator BaFin, planning to expand its services to European financial institutions. Financial services provider Tradevest also received a crypto custody and securities registration license from Germany's Federal Financial Supervisory Authority (BaFin). These developments demonstrate that the European crypto industry is actively pursuing regulatory compliance and striving to establish a safer, more transparent, and sustainable crypto asset market.