#Crypto.com Granted MiCA License#
Hot Topic Overview
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 within the EU under a unified regulatory framework. This means that Crypto.com is expected to soon receive its full CASP license, allowing it to service customers across the European trading area. Obtaining a MiCA license will enable Crypto.com to offer its market-leading crypto services across the EU under a streamlined and robust framework, significantly improving the industry’s transparency. Besides Crypto.com, companies like Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and major broker and clearing house Hidden Road have also received MiCA licenses.
Ace Hot Topic Analysis
Analysis
Crypto.com has secured 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 receive its full CASP license soon, allowing it to serve customers in the 27-nation European trading bloc. Obtaining the MiCA license will enable Crypto.com to provide its market-leading crypto services across the entire EU, furthering transparency in the industry. Notably, Crypto.com is not the first crypto company to obtain a MiCA license, with companies such as Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and major brokerage and clearing house Hidden Road already having secured the license. The MiCA license approval for Crypto.com marks a significant step forward for crypto industry regulation, paving the way for further development of the industry in the EU.
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Public Sentiment
Discussion Word Cloud
Classic Views
Crypto.com receives MiCA in-principle approval, making it the first global exchange to operate under a comprehensive regulatory framework in the EU.
The MiCA license will enable Crypto.com to offer its market-leading crypto services across the EU, enhancing industry transparency.
Crypto.com is working towards obtaining a Crypto Asset Service Provider (CASP) license under MiCA to provide services across the 27 EU countries.
Boerse Stuttgart becomes the first crypto service provider in Germany to obtain MiCA approval.