By Stephen O’Reilly

Standard Chartered has secured MiCA and EMI licences from Luxembourg’s financial regulator, the British bank announced on Monday.

In a statement, the bank said that it had been granted authorisation to provide crypto and digital asset custody services under the EU’s Markets in Crypto Assets Regulation (MiCA). Standard Chartered also confirmed that it had received authorisation to operate as an Electronic Money Institution (EMI).

The licences will provide the London headquartered bank a regulated entry point to offer digital asset services from Luxembourg. They will also enable subsequent expansion across the European Union, subject to regulatory approvals and cross-border…