tl;dr
Crypto.com has become the first major global crypto exchange to secure an in-principle approval for a Markets in Crypto Assets (MiCA) license in the EU. This milestone allows the company to offer its services across all EU member states under a unified regulatory framework aimed at transparency and ...
Crypto.com has achieved a significant milestone by becoming the first major global crypto exchange to secure an in-principle approval for a Markets in Crypto Assets (MiCA) license in the EU. This license will enable the company to offer its services across all European Union (EU) member states under a unified regulatory framework aimed at fostering transparency and stability in the crypto industry.
MiCA, adopted by the EU in 2023 and set to take full effect in 2025, establishes comprehensive rules for cryptocurrencies and digital assets, including consumer protections and measures against market manipulation. This milestone marks a significant step towards eliminating regulatory fragmentation across the EU and will provide greater consistency for companies and consumers alike.
Eric Anziani, President and COO of Crypto.com, highlighted the global impact of this development, stating, "With MiCA, the EU is setting the global standard for crypto regulation. We believe this framework will bring much-needed clarity and transparency to the industry while strengthening trust and confidence among consumers and investors."
By securing this approval, Crypto.com can provide its full range of services throughout the EU under streamlined regulations, including trading, staking, and payment solutions. This approval underlines Crypto.com's commitment to responsible growth and regulatory compliance, positioning itself as a leader in regulatory adherence within one of the world's most important crypto markets.
Overall, this milestone not only reflects Crypto.com's expanding global footprint but also signals the growing institutional trust in the cryptocurrency sector, as the EU establishes itself as a regulatory leader in digital assets.