#Crypto.com Receives MiCA License#

Crypto.com has received in-principle approval for a MiCA license from the Malta Financial Services Authority, meaning it will soon receive a full CASP license, enabling it to operate across the European Union. This makes it the second crypto service provider to receive a MiCA license, following Boerse Stuttgart Digital. Receiving the MiCA license will allow Crypto.com to offer its market-leading crypto services to clients across the 27 countries of the EU under a unified regulatory framework, increasing transparency in the industry. It's notable that Boerse Stuttgart Digital, a subsidiary of the German stock exchange operator Boerse Stuttgart, also received a MiCA crypto asset service provider license from the German regulator BaFin, planning 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 events indicate that European regulators are actively pushing for regulation in the cryptocurrency industry, providing a clearer regulatory environment for crypto service providers. This will help drive the healthy development of the European cryptocurrency market.