OKX, Crypto.com and Bitpanda Obtain MiCA Licenses

OKX, Crypto.com, and Bitpanda have successfully obtained full licenses from the Markets in Crypto Assets (MiCA) framework. This regulatory framework, introduced by the European Union, aims to establish transparent and fair rules for digital assets within the EU.

Bitpanda received its license from German regulators, while OKX and Crypto.com obtained theirs in Malta. These licenses require entities operating within the EU to comply with MiCA’s regulations, including stricter anti-money laundering protocols, disclosure requirements, and sufficient reserves for stablecoin issuers.

OKX, which received MiCA pre-authorization last week, plans to provide customers with a wide range of trading services and localized platforms to enhance their experience. This marks an important step in the expansion of OKX, Crypto.com, and Bitpanda across the European Economic Area.