Four digital asset companies have just obtained Markets for Crypto Assets (MiCA) licenses in the Netherlands, allowing them to operate throughout the 27-country European Union.
Crypto platform MoonPay, digital asset management company BitStaete, Bitcoin Lightning FinTech ZBD and leading brokerage and clearing firm Hidden Road have obtained the much-desired cryptoasset service provider license from the Dutch Authority for Financial Markets (AFM) , a December 30 presentation showed. .
MiCA is a customized rulebook for crypto companies that requires companies to receive a Crypto Asset Service Provider (CASP) license from a member state which then allows them to operate throughout the European Union.
The European Union has set a deadline of December 30 for its member states to implement MiCA, although not all countries have achieved it.
“MiCA represents a pivotal moment for the European digital asset industry and we are proud to have worked collaboratively with the Dutch AFM to be among the first to adopt this new regulatory framework,” said Ivan Soto-Wright, CEO and co-founder. of MoonPay, in a statement.
Fan engagement platform Socios.com has obtained authorization from the Malta Financial Services Authority (MFSA), it said in a statement on Monday. The approval is for a Virtual Financial Assets Act (VFAA) class 3 license that will allow it to operate as a regulated virtual financial asset service provider.
Meanwhile, the UK, which is closely following the EU in its approach to cryptocurrencies, added cryptocurrency trading firm GSR Markets to its cryptocurrency registry in late 2024.
