4 main cryptocurrency exchanges have just lately secured full licenses underneath the European Union’s Markets in Crypto-Belongings Regulation (MiCA).
MiCA, which grew to become 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 acquired a MiCA license from the Malta Monetary Companies Authority (MFSA). In accordance with the press launch shared with CryptoPotato, the license will allow the platform to passport its companies throughout all 30 EEA member states, offering its intensive vary of crypto companies underneath a complete regulatory framework.
This growth follows the corporate’s in-principle approval earlier within the month. The MiCA license joins Crypto.com’s rising listing of world 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 via its Malta hub. OKX’s companies embody 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 change 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 growth within the European market.
Bitpanda, an Austrian fintech unicorn, too acquired 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 purpose of turning into a regulated infrastructure supplier for banks, brokers, and asset managers.
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