Crypto.com has received preliminary approval for the Markets in Crypto Assets (MiCA) license from European Union regulators.
This makes it one of the first major cryptocurrency platforms to achieve this milestone.
Once the MiCA license is fully approved by the regulatory authorities; Crypto.com To provide services across the EU under a new unified regulatory framework.
The MiCA Regulation was designed to increase transparency and consumer protection in the cryptocurrency market.
Eric Anziani, President and COO of Crypto.com, said:
“We have always fully supported MiCA and hope that it will bring clarity and transparency and establish a more rational sentiment towards the regulation of our industry across the EU, all of which will be linked to cryptocurrencies. We strongly believe that this will help build trust in the sector.”
We have consistently demonstrated a commitment to responsible expansion across the EU, a growing and important hub for crypto investments, and we are working with the EU to ensure we continue to grow in a manner that complies with MiCA regulations. I’m looking forward to doing that. ”
Founded in 2016, Crypto.com serves over 100 million customers worldwide by providing a platform for buying, selling, and trading cryptocurrencies.
The Company has been actively pursuing licenses and approvals in various jurisdictions.
Featured image credit: Edited from freepic
