#Crypto.com receives MiCA approval#
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Overview
Crypto.com has received in-principle approval for a European Union (EU) Markets in Crypto-assets (MiCA) license from the Malta Financial Services Authority, making it the first global exchange to operate in the EU under a unified regulatory framework. This means that Crypto.com is expected to receive its full CASP license soon, allowing it to serve customers in the European trading area comprising 27 countries. Receiving full regulatory approval will enable Crypto.com to offer its market-leading crypto services across the EU, significantly boosting transparency in the industry. Notably, Boerse Stuttgart also became the first crypto service provider in Germany to obtain a MiCA license.
Ace Hot Topic Analysis
Analysis
Crypto.com has received in-principle approval for the EU (EU) Markets in Crypto-Assets (MiCA) license from the Malta Financial Services Authority, meaning it will soon be granted a full CASP license, making it the first global exchange to operate in the EU under a unified regulatory framework. Obtaining the MiCA license will enable Crypto.com to offer its market-leading crypto services across the EU, significantly increasing transparency within the industry. Notably, Boerse Stuttgart has become the first crypto service provider in Germany to receive MiCA authorization, while other companies such as MoonPay, BitStaete, ZBD, and major broker and clearing firm Hidden Road have also secured MiCA licenses. The passage of MiCA provides a clearer regulatory framework for the operation of the crypto industry in the EU and presents broader market opportunities for crypto companies.
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Public Sentiment
Discussion Word Cloud
Classic Views
Crypto.com receives MiCA in-principle approval, meaning it's on track to receive a full CASP license to serve customers across the European Union.
The MiCA license will allow Crypto.com to offer its crypto services across the EU and enhance industry transparency.
Crypto.com becomes the first global exchange to operate in the EU under a unified regulatory framework.
The MiCA license is expected to be a significant boost to Crypto.com's growth in the EU market.