Crypto.com Gains In-Principle MiCA Approval From Malta to Operate Across 27 EU Member States

Jan 17, 2025, 08:10 PM

Crypto.com has received in-principle approval for a Markets in Crypto-Assets (MiCA) license from Malta's Financial Services Authority, marking it as the first global cryptocurrency exchange to operate across the European Union under a unified regulatory framework. This approval allows Crypto.com to passport its services across all 27 EU member states once the license is finalized. The MiCA regulation, which came into effect in 2023, aims to provide a clear set of rules for crypto asset service providers (CASPs) in the EU, focusing on transparency, anti-money laundering (AML), and investor protection. Boerse Stuttgart has also become Germany's first crypto service provider licensed under MiCA, indicating a broader trend of regulatory compliance within the cryptocurrency sector in Europe.