Crypto.com accepts the MiCA license in principle

Crypto.com says the MCA license will allow the exchange to move its services across the European Union. The company joins other crypto companies in seeking regulatory approval in the European Union, including Circle, Borse Stuttgart Digital, MoonPay and Coinbase.

Crypto.com is set to expand its services and products in the European Union after finding critical markets in Crypto Assets (MiCA).

The exchange announced the key regulatory milestone in a news release on January 17.

Crypto.com eyes EU expansion.

Having now received in-principle authorization from MiCA in the European Union, Crypto.com is now approaching full regulatory approval to become one of the first crypto service providers to achieve this milestone.

The license allows companies to operate within the 27-nation European trade bloc. Once approved, Crypto.com will be able to offer a wide range of crypto services outside the jurisdiction.

European Union with a governance framework that promotes accounting and transparency in the industry. Crypto.com President and Chief Operating Officer Eric Anziani commented on the news:

“We have always fully supported the MCA and strongly believe that it will bring clarity, transparency and a more streamlined sense of regulation for our industry in the EU.”

In the year Ever since the enactment of the crypto law in 2023, companies have been pushing for a crypto asset service provider license under the MCA.

Crypto.com joins many other platforms in securing MiCA licenses.

These include Boerse Stuttgart Digital, MoonPay, Circle and Coinbase, some of the crypto companies that will successfully obtain MiCA approval before the regulatory release of MiCA in the EU. Notably, the general crypto rules are fully implemented on December 30, 2024.