Cryptocurrency exchange Crypto.com has received approval in principle for a European Union (EU) Cryptocurrency Asset Markets (MiCA) license from the Malta Financial Services Authority, bringing it closer to being able to fully operate across the commercial block.
The license in principle means the exchange is expected to receive its full CASP license soon, a Crypto.com spokesperson said on Friday.
The companies have been working towards obtaining a Crypto Asset Service Provider (CASP) license under MiCA since the custom crypto legislation was passed in 2023. The CASP license allows companies to serve clients across the European trading bloc, which consists from 27 countries.
“Receiving full regulatory approval will enable Crypto.com to provide its range of market-leading crypto services across the EU under an agile and robust framework that will deliver a significantly improved degree of transparency to the sector,” the company said in a statement sent by email.
Crypto.com will soon join the likes of Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD and leading brokerage and clearing firm Hidden Road, which received the MiCA license.
