#Crypto.com Receives EU License#
Hot Topic Overview
Overview
Crypto.com has received in-principle approval from the Malta Financial Services Authority, bringing it closer to obtaining a European Union (EU) Markets in Crypto-Assets (MiCA) license. This means Crypto.com is expected to soon receive its full CASP license, allowing it to provide services in 27 EU countries. Obtaining a MiCA license will enable Crypto.com to offer its market-leading crypto services across the EU, promoting greater transparency in the industry.Beyond Crypto.com, Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Boerse Stuttgart, also obtained a MiCA crypto-asset service provider license from German regulator BaFin, planning to expand its services for European financial institutions. Additionally, financial service provider Tradevest received a cryptocurrency custody and securities registration license from the German Federal Financial Supervisory Authority (BaFin). These events demonstrate that the crypto industry is actively seeking regulatory compliance and working towards establishing a more secure and transparent operating environment within the EU.
Ace Hot Topic Analysis
Analysis
Crypto.com has received in-principle approval from the Malta Financial Services Authority, bringing it closer to obtaining a European Union (EU) Markets in Crypto-Assets (MiCA) license. This will enable Crypto.com to operate fully across the European Economic Area, serving customers in the 27-nation bloc. Obtaining a MiCA license will allow Crypto.com to offer its market-leading crypto services throughout the EU under a streamlined and robust framework, significantly enhancing transparency in the sector. Notably, Crypto.com is not the first crypto service provider to receive a MiCA license. Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Stuttgart Stock Exchange, has already been granted a MiCA crypto-asset service provider license by German regulator BaFin and plans to expand its services for European financial institutions. Additionally, financial services provider Tradevest has also received a cryptocurrency custody and securities registration license from Germany's Federal Financial Supervisory Authority (BaFin). These developments indicate that European regulators are actively fostering the growth of the crypto industry and providing a clearer regulatory framework for crypto service providers.
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Public Sentiment
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Classic Views
Crypto.com has received in-principle approval for a MiCA license from the Malta Financial Services Authority, making it the first global exchange to operate in the EU under a unified regulatory framework.
The MiCA license allows the company to serve customers across the European trading bloc of 27 countries.
The MiCA license will enable Crypto.com to offer its market-leading crypto services across the entire EU, significantly enhancing transparency in the industry.
Boerse Stuttgart Digital has also received a MiCA crypto asset service provider license from German regulator BaFin and plans to expand its services for European financial institutions.