Crypto trade Crypto.com has acquired in-principle approval for a European Union (EU) Markets in Crypto Belongings (MiCA) license from Malta’s Monetary Companies Authority, edging it nearer to have the ability to function absolutely throughout the buying and selling bloc.
The in-principle license signifies that the trade is anticipated to obtain its full CASP license quickly, a Crypto.com spokesperson mentioned on Friday.
Corporations have been working in direction of getting a crypto asset service supplier (CASP) license beneath MiCA for the reason that bespoke crypto laws handed in 2023. The CASP license permits corporations to serve purchasers throughout the European buying and selling bloc which consists of 27 nations.
“Receiving full regulatory approval will permit Crypto.com to supply its market-leading vary of crypto providers throughout the EU beneath a streamlined and strong framework bringing a considerably improved diploma of transparency to the sector,” the corporate mentioned in an emailed assertion.
Crypto.com will quickly be part of the likes of Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD and prime brokerage and clearing firm Hidden Highway, who acquired the MiCA license.
