#Crypto.com obtains 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 an EU crypto asset market (MiCA) license. This means that Crypto.com is expected to soon receive its full CASP license, allowing it to operate in all 27 EU countries. This is a major milestone for Crypto.com in its pursuit of MiCA licensing, making it the first global exchange to operate under a unified regulatory framework in the EU. Notably, Boerse Stuttgart has also become the first crypto service provider in Germany to receive a MiCA license.
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) framework. This marks Crypto.com as the first global exchange to operate in the EU under a unified regulatory framework. Obtaining a MiCA license will allow Crypto.com to offer its services across all 27 EU countries, providing greater flexibility for its expansion in the European market. Notably, Boerse Stuttgart has already become the first crypto service provider in Germany to receive a MiCA license, with other companies like MoonPay, BitStaete, ZBD, and Hidden Road also securing MiCA licenses. Gaining a MiCA license will provide Crypto.com with a stronger regulatory framework within the EU market and enhance its transparency in the region.
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Public Sentiment
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Classic Views
Crypto.com obtains EU crypto license, marking a milestone in its full-scale operations in the European market.
The MiCA license will enable Crypto.com to provide its crypto services across the EU and increase transparency in the industry.
Crypto.com becomes the first global exchange to operate in the EU under a unified regulatory framework.
The MiCA license will allow Crypto.com to serve clients in all 27 EU countries.