#Crypto.com Receives MiCA License#
Hot Topic Overview
Overview
Crypto.com has received in-principle approval from the Malta Financial Services Authority, bringing it closer to obtaining a license under the European Union's Markets in Crypto-assets (MiCA) legislation, allowing it to operate fully across the European trading zone. This follows Crypto.com's efforts to obtain a Crypto Asset Service Provider (CASP) license under MiCA, which the company has been pursuing since the customized crypto legislation passed in 2023. Gaining full regulatory approval will enable Crypto.com to offer its market-leading crypto services across the EU, leading to increased transparency in the industry. Crypto.com will join companies such as Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, as well as major brokerage and clearing firm Hidden Road, among others, in obtaining MiCA licensing.
Ace Hot Topic Analysis
Analysis
Crypto.com has received in-principle approval from the Malta Financial Services Authority for a European Union (EU) Markets in Crypto-Assets (MiCA) license, bringing the company one step closer to full operations across the trading bloc. This means that Crypto.com is expected to receive its full CASP license soon. Crypto.com has been working toward securing a Crypto-Asset Service Provider (CASP) license under MiCA since the customized crypto legislation passed in 2023. The CASP license permits companies to provide services to clients across the European trading bloc of 27 countries. Achieving full regulatory approval will enable Crypto.com to provide its market-leading crypto services across the EU under a streamlined and robust framework, leading to a significant increase in industry transparency. Crypto.com will soon join companies such as Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and major brokerage and clearing firm Hidden Road, who have already received MiCA licenses. The in-principle approval makes Crypto.com the first global exchange to operate under a unified regulatory framework within the EU.
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Public Sentiment
Discussion Word Cloud
Classic Views
Crypto.com received MiCA in-principle approval, meaning it will soon be granted a full CASP license, allowing it to offer services across the European Union.
The MiCA license will enable Crypto.com to offer its crypto services across the EU and increase transparency in the industry.
Crypto.com is the first global exchange to operate in the EU under a unified regulatory framework.
Securing the MiCA license will give Crypto.com a competitive advantage in the EU market.