#Crypto.com granted MiCA principles approval#
Hot Topic Overview
Overview
Crypto.com, a cryptocurrency exchange, has received in-principle approval from the Malta Financial Services Authority, bringing it closer to obtaining a European Union's Markets in Crypto-Assets (MiCA) license, allowing it to operate fully across the trade bloc. This means Crypto.com is expected to soon obtain its full CASP license, allowing it to serve customers in the European trading bloc comprised of 27 countries. This is a license Crypto.com has been striving to obtain since the tailored crypto legislation was passed in 2023. Receiving full regulatory approval will enable Crypto.com to offer its market-leading crypto services across the EU under a streamlined and robust framework, significantly increasing the industry's transparency. Crypto.com will join the ranks of companies like Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and major brokerage and clearinghouse Hidden Road, which have already secured MiCA licenses.
Ace Hot Topic Analysis
Analysis
Crypto.com has received in-principle approval for a European Union Markets in Crypto-Assets (MiCA) license from the Malta Financial Services Authority, marking a significant step towards full operation across the entire EU trading zone. The in-principle license means Crypto.com is expected to receive its full CASP license shortly, which will allow the company to provide services to clients in the European trading zone consisting of 27 countries. Crypto.com has been working to obtain the crypto-asset service provider (CASP) license under MiCA since the bespoke crypto legislation was passed in 2023. Receiving full regulatory approval will enable Crypto.com to offer its market-leading crypto services across the EU under a streamlined and robust framework, significantly increasing transparency in the industry. Crypto.com will soon join companies like Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and major broker and clearing house Hidden Road, who have all obtained MiCA licenses. This approval is a testament to Crypto.com’s commitment to regulatory compliance and demonstrates the company’s proactive approach to expanding its operations globally.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Crypto.com receives MiCA in-principle approval, bringing it closer to operating across the EU.
The in-principle license means Crypto.com is expected to receive its full CASP license shortly.
Receiving full regulatory approval will enable Crypto.com to offer its market-leading crypto services across the EU under a streamlined and robust framework, significantly improving transparency in the industry.
Crypto.com will soon join the ranks of companies like Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and major brokerage and clearing firm Hidden Road that have received MiCA licenses.