#Crypto.com receives MiCA license.#
Hot Topic Overview
Overview
Crypto.com, a cryptocurrency exchange, has received in-principle approval from the Malta Financial Services Authority for its European Union (EU) Markets in Crypto-Assets (MiCA) license, bringing it closer to full operation across the trading bloc. This marks Crypto.com as the first global exchange to operate in the EU under a unified regulatory framework. The license will allow Crypto.com to serve customers across the 27-nation European trading bloc and enable it to offer its market-leading crypto services under a streamlined and robust framework, increasing transparency in the industry. Crypto.com is expected to receive its full CASP license shortly, having been working towards securing a Crypto Asset Service Provider (CASP) license under MiCA since the bespoke crypto legislation was passed in 2023.
Ace Hot Topic Analysis
Analysis
Crypto.com has received in-principle approval for a European Union (EU) Markets in Crypto-Assets (MiCA) license from the Malta Financial Services Authority, marking a significant step towards full-scale operations across the trading bloc. This means that Crypto.com is expected to soon receive its full CASP license, allowing it to serve customers in the European trading bloc consisting of 27 countries. The approval is a result of Crypto.com’s efforts to obtain a Crypto-Asset Service Provider (CASP) license under MiCA since the tailor-made crypto legislation was passed in 2023. Achieving full regulatory approval will allow Crypto.com to provide its market-leading crypto services across the EU under a streamlined and robust framework, significantly enhancing transparency in the industry. Notably, Crypto.com joins the ranks of Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and major brokerage and clearing house Hidden Road, which have already secured MiCA licenses.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Crypto.com receives MiCA in-principle approval, bringing it closer to full operations across the EU.
The in-principle license means that Crypto.com is expected to receive its full CASP license soon.
Gaining MiCA authorization will enable Crypto.com to offer its market-leading crypto services across the EU under a streamlined and robust framework, significantly enhancing the industry's transparency.
Crypto.com will be the first global exchange to operate in the EU under a unified regulatory framework.