#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 obtaining a European Union Markets in Crypto-assets (MiCA) license, which would allow the company to operate fully across the European Trading Zone. This means Crypto.com will soon join the ranks of companies like Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and major brokerage and clearing firm Hidden Road that have already secured MiCA licenses. Notably, Boerse Stuttgart Digital has been granted a MiCA crypto-asset service provider license by Germany's regulator BaFin and plans to expand its services to European financial institutions. Additionally, financial services provider Tradevest has received a cryptocurrency custody and securities registration license from the German Federal Financial Supervisory Authority (BaFin). These developments indicate that the European crypto industry is actively pursuing regulatory compliance and laying the groundwork for its future development within the EU market.
Ace Hot Topic Analysis
Analysis
Crypto.com has received in-principle approval from the Malta Financial Services Authority, bringing it closer to securing a license under the European Union’s Markets in Crypto-assets (MiCA) regulation, which would allow it to operate fully across the European Trading Area. Obtaining a MiCA license will allow Crypto.com to offer its market-leading crypto services across the EU under a streamlined and robust framework, significantly increasing transparency within the industry. Crypto.com will soon join the ranks of companies like Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and major brokerage and clearing firm Hidden Road, who have all obtained MiCA licenses. Notably, Boerse Stuttgart Digital also received a MiCA crypto-asset service provider license from German regulator BaFin, with plans to expand its services to European financial institutions. Additionally, financial services provider Tradevest received a crypto custody and securities registration license from the German Federal Financial Supervisory Authority (BaFin). These developments indicate a rapid evolution of the European crypto market, with regulators actively driving compliance for crypto-asset service providers, creating a safer and more transparent environment for the industry.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Crypto.com received in-principle approval for the EU MiCA license, meaning it will soon receive a full CASP license, allowing it to offer services across the EU.
Gaining MiCA approval will enable Crypto.com to offer its market-leading crypto services across the EU under a streamlined and robust framework, significantly enhancing transparency within the industry.
Boerse Stuttgart Digital became the first crypto service provider in Germany to receive a MiCA license.
Crypto.com is the first global exchange to operate within the EU under a unified regulatory framework.