Crypto.com Exchange Secures ‘In-Principle’ MiCA License, Paving the Way for Full European Union Approval
The Singapore-based exchange Crypto.com has secured an “in-principle” license to operate under the European Union’s new digital asset regulatory framework.
Crypto.com bills itself as the “first major global crypto asset service provider” to receive a Markets in Crypto Assets (MiCA) approval.
MiCA is new EU legislation that establishes rules covering the supervision, consumer protection and environmental safeguards of crypto assets.
The regulatory framework, which took effect in December, includes measures that aim to reduce financial crimes including market manipulation, money laundering and terrorist financing. It also places stablecoin issuers under the European Banking Authority and requires them to hold…
