Crypto exchange Crypto.com has received in-principle approval for an EU Markets in Crypto Assets (MiCA) license from Malta’s Financial Services Authority, moving it closer to being able to fully operate across the trading bloc.
The in-principle license means the exchange is expected to receive its full CASP license soon, a Crypto.com spokesperson said on Friday.
Firms have been working to obtain a crypto asset service provider (CASP) license under MiCA since the tailored crypto legislation was passed in 2023. The CASP license allows firms to serve clients across the European trading bloc, which consists of 27 nations .
“Receiving full regulatory approval will allow Crypto.com to deliver its market-leading range of crypto services across the EU under a streamlined and robust framework that brings a significantly improved level of transparency to the sector,” the company said in an email -message.
Crypto.com will soon join the likes of Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD and prime brokerage and clearing firm Hidden Road, which received the MiCA license.
