The license also enables Crypto.com to operate in the whole EEA area under a single regulatory regime. MiCA is a new EU regulation that is purposed to increase transparency. It should also protect investors, and introduce consistent rules for the operation of cryptocurrency businesses.
Earlier this month, Crypto.com was granted a license in principle by MiCA. The final clearance paves the way for the full suite of crypto services on the continent; under the still-restrictive requirements within the regulatory radar.
The attainment of a MiCA license is a deal-breaker in the industry. It ensures that Crypto.com can provide good services, increases investor confidence, and furthers long-term growth of the sector. The regulations make market access easy since one doesn’t have to seek different approvals at the level of EU countries.
This development adds to Crypto.com’s growing list of licenses obtained around the world, including those in the UK, Singapore, Dubai, and the US. Founded in 2016, the company has served more than 100 million users to date.
This comes on the heels of another announcement about the company: the launch of Crypto.com Exchange for US-based investors. This further establishes evidence of its plans for regional expansion.
