Crypto.com has announced that it received in principle approval for the Markets in Crypto Assets license (MiCA), becoming the world’s first global major crypto exchange to reach this milestone.
This license allows the company to provide its services in all member states of the European Union under an unified regulatory structure that promotes transparency and stability within the crypto-industry.
MiCA is the EU’s first legal framework that covers digital assets and cryptocurrencies. It was adopted in 2023, and will be fully implemented in 2025. These stablecoin related rules are in place.
The directive aims to reduce fragmentation in the EU’s regulatory framework by establishing clear rules that apply to stablecoins operators, asset services providers and issuers. Consumer protection, market manipulation measures, and compliance requirements are among the key provisions.
Eric Anziani is the President and CEO of Crypto.com. He said:
The EU has set the standard globally for crypto regulations with MiCA. The framework we have created will help bring clarity and transparence to the industry, while also strengthening consumer and investor trust. This approval is a testament to our commitment to responsible growth and regulatory compliance in one of the world’s most important crypto markets.”
By securing this approval, Crypto.com can provide its full range of services — such as trading, staking, and payment solutions — throughout the EU under streamlined regulations. MiCA’s harmonized rules will also reduce the complexity of operating in multiple jurisdictions, offering greater consistency for companies and consumers alike.
Crypto.com, founded in 2016, serves 100,000,000 users globally and is the leader in security and compliance with regulatory standards. The company sees the EU market as critical for adoption of crypto and innovations.
This approval of the MiCA license highlights Crypto.com’s growing global presence and indicates a growing trust among institutions in the crypto sector. The EU is positioning itself as an industry leader when it comes to digital assets.
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
