#Crypto.com Receives EU License#
Hot Topic Overview
Overview
Crypto.com has received in-principle approval from the Malta Financial Services Authority for an EU (EU) Markets in Crypto-Assets (MiCA) license, making it the first global exchange to operate in the EU under a unified regulatory framework. This means Crypto.com is expected to receive its full CASP license soon, allowing it to serve customers in the European trading bloc of 27 countries. In addition, Boerse Stuttgart Digital, a subsidiary of Stuttgart Stock Exchange, the operator of the German stock exchange, has also received a MiCA crypto-asset service provider license from German regulator BaFin, and plans to expand its services to European financial institutions. These events signal that the crypto industry is actively seeking regulatory compliance and is keen to operate within the EU’s unified regulatory framework.
Ace Hot Topic Analysis
Analysis
Crypto.com has received in-principle approval from the Malta Financial Services Authority, bringing it closer to obtaining an EU (EU) Markets in Crypto-Assets (MiCA) license, which would enable it to operate fully across the trading bloc. Obtaining a MiCA license would allow Crypto.com to serve customers across the 27-nation European trading bloc, making it the first global exchange to operate within a unified regulatory framework in the EU. This would significantly enhance transparency within the industry and allow Crypto.com to offer its market-leading crypto services under a streamlined and robust framework.Furthermore, Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Boerse Stuttgart, has received a MiCA crypto-asset service provider license from German regulator BaFin, planning to expand its services to European financial institutions. Boerse Stuttgart Digital became the first crypto service provider in Germany to obtain a MiCA license.These events demonstrate the cryptocurrency industry's proactive pursuit of regulatory compliance and its movement towards a more mature and sustainable future.
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Public Sentiment
Discussion Word Cloud
Classic Views
Crypto.com receives in-principle approval for a MiCA license from the European Union, making it the first global exchange to operate in the EU under a unified regulatory framework.
Gaining a MiCA license will enable Crypto.com to offer its market-leading crypto services across the EU, significantly enhancing transparency in the industry.
Boerse Stuttgart Digital has obtained a MiCA crypto asset service provider license from German regulator BaFin and plans to expand its services to European financial institutions.
Tradevest has secured a cryptocurrency custody and securities registration license from the German Federal Financial Supervisory Authority (BaFin).