Cryptocurrency exchange Crypto.com has received approval in principle from the Malta Financial Services Authority for a European Union (EU) Crypto Asset Market (MiCA) license, bringing it one step closer of its ability to operate fully across the trading bloc.
The license in principle means the exchange should soon receive its full CASP license, a Crypto.com spokesperson said on Friday.
Companies have been scrambling to obtain a Crypto Asset Service Provider (CASP) license under MiCA since bespoke crypto legislation was passed in 2023. The CASP license allows companies to serve clients across the European trade bloc which includes 27 countries.
“Receiving full regulatory approval will enable Crypto.com to deliver its market-leading range of crypto services across the EU in a streamlined and robust framework bringing a significantly improved degree of transparency to the industry,” the company said in a statement sent by email.
Crypto.com will soon join Boerse Stuttgart Digital, MoonPay, BitStaete, ZBD and brokerage and clearing firm Hidden Road, which received the MiCA license.
