Crypto exchange Crypto.com has achieved in-principle approval for a Markets in Crypto Assets (MiCA) license from Malta’s Financial Services Authority, positioning the platform to operate seamlessly across the European Union (EU).
This milestone brings Crypto.com closer to obtaining its full Crypto Asset Service Provider (CASP) license, which will enable the company to offer its suite of services to clients across the EU’s 27 member states under a unified regulatory framework.
“Receiving full regulatory approval will allow Crypto.com to provide its market-leading range of crypto services across the EU under a streamlined and robust framework, bringing a significantly improved degree of transparency to the sector,” the company said in a statement on Friday.
MiCA, the EU’s bespoke crypto legislation passed in 2023, requires firms to secure a CASP license to operate across the bloc. Crypto.com’s pending approval places it among the ranks of other licensed entities like Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD, and Hidden Road.
Once finalized, the MiCA license will not only enhance Crypto.com’s credibility but also strengthen the transparency and reliability of its offerings, signaling further growth opportunities within the European market.