Crypto.com Receives MiCA License to Operate in EU

Crypto.com has secured an in-principle Markets in Crypto-Assets (MiCA) license, making it the first major global crypto exchange to do so within the EU.

This license will allow Crypto.com to operate in the EU and comply with the strict regulations set forth by MiCA, including transparency, disclosure, and governance requirements.

The company’s president and COO, Eric Anziani, expresses excitement for the clarity and confidence that MiCA will bring to the crypto industry in the EU. As a responsible player in the market, Crypto.com is fully committed to working with the Union to ensure continued growth in a compliant manner.

Under the MiCA framework, entities operating within the EU’s crypto market must adhere to strict rules to protect consumers, such as implementing rigorous anti-money laundering measures and maintaining sufficient reserves for stablecoins.

Overall, the introduction of MiCA by the European Union aims to establish a comprehensive regulatory framework for digital assets, promoting consumer protection, transparency, and market integrity.