#Crypto.com Receives MiCA License#
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Overview
Crypto.com has received in-principle approval for a European Union Markets in Crypto-assets (MiCA) license from the Malta Financial Services Authority, making it the first global exchange to operate in the EU under a unified regulatory framework. 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. Obtaining a MiCA license will enable Crypto.com to offer its market-leading crypto services across the EU, enhancing transparency within the industry.
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Analysis
Crypto.com has received in-principle approval from the Malta Financial Services Authority for a European Union Markets in Crypto-Assets (MiCA) license, bringing it one step closer to full operation across the European trading area. This means that Crypto.com is expected to receive its full CASP license soon. The company has been working toward a Crypto-Asset Service Provider (CASP) license under MiCA since the bespoke crypto legislation was passed in 2023. The license permits companies to serve customers in the European trading area, which is comprised of 27 countries. Achieving full regulatory approval will enable Crypto.com to offer its market-leading crypto services across the EU within a streamlined and robust framework, which will significantly enhance transparency in the industry. Crypto.com will soon join the ranks of companies that have already received MiCA licenses, such as Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and major brokerage and clearing firm Hidden Road. This marks a significant step for Crypto.com in the European market and is a demonstration of its commitment to regulatory compliance, laying a solid foundation for its future growth in Europe.
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Public Sentiment
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Classic Views
Crypto.com receives MiCA in-principle approval, bringing it closer to full operation across the EU trading bloc.
The in-principle license means Crypto.com is expected to receive its full CASP license soon.
Receiving MiCA license will allow Crypto.com to offer its market-leading crypto services across the EU under a streamlined and robust framework, significantly enhancing transparency in the industry.
Crypto.com will soon join the likes of Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD and major brokerage and clearing company Hidden Road, which have obtained MiCA licenses.