#Crypto.com Granted MiCA License#
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Overview
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 under a unified regulatory framework in the EU. This means that Crypto.com is expected to soon receive its full CASP license, allowing it to serve customers across the entire European trading zone.In addition to Crypto.com, Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Boerse Stuttgart, has also been granted a MiCA crypto-asset service provider license by German regulator BaFin, with plans to expand its services to financial institutions in Europe.Furthermore, financial services provider Tradevest has obtained a crypto custody and securities registration license from Germany's Federal Financial Supervisory Authority (BaFin).These events indicate that the European cryptocurrency industry is actively seeking regulatory compliance and preparing to offer services within the EU.
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Analysis
Crypto.com has received in-principle approval from the Malta Financial Services Authority for its MiCA license, making it the first global exchange to operate in the EU under a unified regulatory framework. This means Crypto.com is expected to receive its full CASP license soon, allowing it to serve customers in the European trading area composed of 27 countries. In addition, Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Boerse Stuttgart, has also received a MiCA crypto asset service provider license from German regulator BaFin, planning to expand its services to European financial institutions. This indicates that more and more crypto companies are obtaining regulatory licenses as MiCA is implemented, which will help improve transparency and trust in the industry and promote the further development of crypto assets in Europe.
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Public Sentiment
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Classic Views
Crypto.com received in-principle approval for a MiCA license, making it the first global exchange to operate in the EU under a unified regulatory framework.
The MiCA license allows the company to provide services to customers in the European trading bloc of 27 countries, enhancing industry transparency.
Boerse Stuttgart Digital also received a MiCA crypto-asset service provider license from Germany's regulator BaFin and plans to expand services offered to European financial institutions.
The acquisition of the MiCA license will enable companies like Crypto.com and Boerse Stuttgart Digital to offer their market-leading crypto services across the entire EU.