- Crypto.com says the MiCA licence allows the exchange to passport its services across the European Union.
- The firm joins other crypto companies in securing regulatory approval in the EU, including Circle, Borse Stuttgart Digital, MoonPay and Coinbase.
Crypto.com is set to expand its services and products in the European Union after obtaining the crucial Markets in Crypto Assets (MiCA) approval.
The exchange announced the key regulatory milestone via a news release on Jan. 17.
Crypto.com eyes EU expansion
Having now secured an in-principle license from MiCA in the EU, Crypto.com is now edging closer to full regulatory approval becoming one of the first crypto service providers to achieve this milestone.
The license allows companies to operate across the European trading bloc consisting of 27 nations. Upon approval, Crypto.com will be able to offer a wide range of crypto services through out the jurisdiction.
European Union under a leadership framework which enhances accountancy and transparency in the industry. Commenting the news, President and chief operating officer of Crypto.com Eric Anziani, said:
“We have always been fully supportive of MiCA and strongly believe it will bring clarity, transparency, and establish a more streamlined sentiment towards the regulation of our industry across the EU, all of which adds to the growing confidence in the crypto sector. “
Companies have been pushing towards attaining a crypto asset service provider license under MiCA since 2023 crypto legislation was passed.
Crypto.com joins several other platforms in securing MiCA licences.
These include Boerse Stuttgart Digital, MoonPay, Circle and Coinbase, some of the crypto companies to successfully secure MiCA approval ahead of the regulatory rollout of MiCA in the EU. Notably, the comprehensive crypto rules came into full effect on December 30, 2024.
