On January 27, Cryptocurency Company Crypto.com, headquartered in Singapore, announced from the Malta Financial Service Bureau (MFSA) that the Crypto-Assets (MICA) license has secured a full market approval.
Crypto.com is the first major global Crypto asset service provider that has been approved by the Mica license. This achievement is important because it sets a prior to the priorities of the EU’s MICA regulations aimed at promoting the transparency, security, and consumer protection of the cryptocurrency industry.
Crypto.com’s Mica license
Earlier in January of this year, Crypto.com revealed that the MICA license was applied for a preliminary approval from local regulatory authorities. Yesterday, the company announced that it has fully approved the license via the official X account.
As a result, Crypto.com can provide officially and legally provided services throughout the European economy (EEA). This has provided a rationalized regulation framework for a rationalized regulation, and has become significantly higher in transparency in 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. This means that the European Union has an incredible foresight in the design and implementation of the regulatory system. Eric Anziani, the president and coo of Crypto.com.
As a result, Crypto.com will be the first major global crypto asset service provider (CASP) who received permission to provide services throughout the European economy (EEA).
What is MICA, and why is the license very important in 2025?
Crypto assets, or simply MICA, are regulations designed to manage the cryptocurrency market in the European Union (EU). MICA has established the unified rules of companies that handle cryptographic assets in the European economy (EEA) as a whole. This initiative aims to ensure transparency, protects investors, and promotes sustainable growth in the industry.
Securing a MICA license is a strategically important step for cryptocurrency companies that aim to operate legally in one of the world’s largest financial regions. The reasons for getting a Mica license are very important:
Access to the EU market: Licensing companies can provide services to the entire EEA without the need for individual approval in each country. Increased investor trust: MICA guarantees strict monitoring and consumer protection, making the platform more attractive to users. Long -term growth: Unified regulations promote market stability and transparency and reduce the risk of both companies and users.
This is not Crypto.com’s first major regulatory milestone. The company is already a British electronic money engine license (FCA), Singapore’s major payment organizations (MAS), virtual asset service provider license for Dubai (VARA), and remittance licenses in the United States. Is already retained. Especially.
Crypto.com, established in 2016, has gained the trust of more than 100 million users around the world. Recently, Beincrypto covers another company’s milestone. This is the launch of Crypto.com Exchange, based in the United States.
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