Crypto.com becomes first exchange to secure MiCA license for EU operations

Crypto.com announced it has received in-principle approval for a Markets successful Crypto Assets (MiCA) license, becoming the archetypal large planetary crypto speech to execute this milestone.

The licence volition alteration the institution to connection its services crossed each European Union (EU) subordinate states nether a unified regulatory model that aims to foster transparency and stableness successful the crypto industry.

MiCA, adopted by the EU successful 2023 and acceptable to instrumentality afloat effect successful 2025, is the archetypal broad ineligible model for cryptocurrencies and integer assets successful a large economical bloc. The stablecoin-related rules are already successful effect.

It establishes wide rules for issuers, plus work providers, and stablecoin operators, aiming to destruct regulatory fragmentation crossed the EU. Key provisions see user protections, measures against marketplace manipulation, and elaborate compliance requirements for crypto companies.

Eric Anziani, President and COO of Crypto.com, said:

“With MiCA, the EU is mounting the planetary modular for crypto regulation. We judge this model volition bring much-needed clarity and transparency to the manufacture portion strengthening spot and assurance among consumers and investors. This support is simply a testament to our committedness to liable maturation and regulatory compliance successful 1 of the world’s astir important crypto markets.”

By securing this approval, Crypto.com tin supply its afloat scope of services — specified arsenic trading, staking, and outgo solutions — passim the EU nether streamlined regulations. MiCA’s harmonized rules volition besides trim the complexity of operating successful aggregate jurisdictions, offering greater consistency for companies and consumers alike.

Founded successful 2016, Crypto.com serves implicit 100 cardinal users worldwide and is simply a person successful regulatory compliance, security, and privacy. The institution views the EU arsenic a captious marketplace for crypto adoption and innovation.

The MiCA licence support highlights Crypto.com’s expanding planetary footprint and signals increasing organization spot successful the cryptocurrency sector, arsenic the EU positions itself arsenic a regulatory person successful integer assets.

The station Crypto.com becomes archetypal speech to unafraid MiCA licence for EU operations appeared archetypal connected CryptoSlate.