4 main cryptocurrency exchanges have lately secured full licenses below the European Union’s Markets in Crypto-Property Regulation (MiCA).
MiCA, which turned efficient on December 30, 2024, offers a unified regulatory framework for crypto-asset service suppliers (CASPs) working throughout the European Financial Space (EEA).
Crypto.com introduced on January 27 that its Malta entity obtained a MiCA license from the Malta Monetary Providers Authority (MFSA). In accordance with the press launch shared with CryptoPotato, the license will allow the platform to passport its providers throughout all 30 EEA member states, offering its in depth vary of crypto providers below a complete regulatory framework.
This improvement follows the corporate’s in-principle approval earlier within the month. The MiCA license joins Crypto.com’s rising record of worldwide approvals, together with key licenses within the UK, Singapore, Dubai, the US, and Australia.
On the identical day, OKX introduced that it secured a MiCA license by way of its Malta hub. OKX’s providers embrace OTC buying and selling, spot buying and selling, bot, and replica buying and selling, in addition to euro-based buying and selling for over 240 cryptocurrencies. With options like free euro deposits and withdrawals by way of financial institution transfers, localized language assist, and trusted fee strategies, the alternate mentioned that it goals to simplify digital asset buying and selling throughout the EEA. OKX additionally plans to passport its license to all EEA states, additional streamlining its enlargement within the European market.
Bitpanda, an Austrian fintech unicorn, too obtained its MiCA license from Germany’s Federal Monetary Supervisory Authority (BaFin) on the identical day. It’s the second CASP to be licensed by BaFin since MiCA’s full implementation on December 30, 2024.
Boerse Stuttgart Digital Custody was the primary German CASP to safe a MiCA license, granted by BaFin on January 17. The Europe-wide license helps its objective of turning into a regulated infrastructure supplier for banks, brokers, and asset managers.
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