Crypto.com On January 27, it announced that Malta entity has obtained a MICA license from the Malta Financial Service Bureau (MFSA), and has become the first major global crypto asset service provider (CASP) that achieved this milestone.
With this license, Crypto.com can provide services throughout the European Economic Area (EEA) under the controlled regulation framework.
This development will follow the pre -announcement of the company for the MICA license principle.
This license allows Crypto.com to provide various encryption services throughout the EEA and enhance transparency and regulatory compliance within the sector.
“In recent years, securing a MICA license is a great priority for us, and receiving this approval has further enhanced the global and most regulated encryption platform. The European Union shows incredibly foresight in the design and implementation of the regulatory system.
Eric Anziani, the president and coo of Crypto.com, states.
MICA license is added to Crypto.com’s global regulatory qualification information. This includes a British electronic money institution license (FCA), a major payment organization in Singapore (MAS), a virtual asset service provider license for Dubai (VARA), and a remittance license in the United States. The United States has specified the contract market (DCM) and derivative clearing organizations (DCO) licenses, and Australian financial services and credit licenses (AFSL and ACL).
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