Safello AB, the subsidiary of Safello — the main cryptocurrency change within the Nordics with over 410,000 customers — has been approved by the Swedish Monetary Supervisory Authority (Finansinspektionen) as a crypto-asset service supplier beneath the EU’s Markets in Crypto-Property regulation (MiCA).
The authorization, following Safello’s April software, covers a full suite of crypto asset providers: switch providers, custody and administration, execution and reception/transmission of orders, and exchanges of crypto-assets for funds and for different crypto-assets. MiCA, absolutely in pressure since December 2024, harmonizes EU guidelines to strengthen shopper and investor safety, market integrity and monetary stability; authorised entities should adjust to strict necessities on buyer safety, threat administration, asset dealing with and governance.
Safello’s CEO Emelie Moritz described the license as a pivotal milestone and famous Safello is the primary Swedish firm to obtain a CASP license beneath MiCA, underlining the agency’s drive to construct a trusted, compliant and revolutionary platform throughout Europe. Working in Sweden since 2013 and listed on Nasdaq First North Development Market since 2021, Safello gives safe, high-speed options for purchasing, promoting, storing and on-chain deposits and withdrawals, and says the MiCA authorization will assist its mission to make crypto accessible whereas serving to form a clear and safe digital-asset market.
FAQ 🧭
• What does Safello’s MiCA authorization imply for Swedish customers? — It permits Safello to legally provide buying and selling, custody, transfers and exchanges of crypto-assets to clients in Sweden beneath EU guidelines.
• Which providers is Safello approved to supply in Sweden? — Safello AB is permitted for switch providers, custody/administration, execution and reception/transmission of orders, and crypto‑fiat and crypto‑crypto exchanges.
• How does MiCA have an effect on shopper safety in Sweden? — MiCA enforces stricter guidelines on buyer safety, threat administration and custody practices for Swedish crypto corporations like Safello.
• The place can Swedish clients confirm Safello’s license? — Verification might be executed through Finansinspektionen’s registry and Safello’s official disclosures.
