Singapore-based exchange Crypto.com has secured a MiCA license from authorities in Malta after receiving provisional approval in mid-January.
The Malta Financial Services Authority has awarded a Markets in Crypto-Assets Regulation license to Crypto.com’s Malta-based subsidiary, making the company one of the first major crypto exchanges to achieve regulatory approval under the European Union’s licensing framework.
Securing a MiCA license from the MFSA allows Crypto.com to compliantly passport its services across the European Economic Area, which comprises 27 individual member states.
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Eric Anziani, President and COO at Crypto.com, remarked that the company prioritized securing a MiCA license as part of its global expansion strategy. Anziani added that the platform plans to push regulated cryptocurrency adoption throughout Europe.
The European Union has shown incredible foresight in designing and implementing a regulatory system, which means we can streamline operations to ensure both compliance and seamless cross-border activity. We look forward to offering more European users our industry-leading products and services in a regulated environment.
Eric Anziani, President and COO at Crypto.com
In a separate announcement, Crypto.com unveiled its new Custody Services for institutional clients in the U.S., Canada, and globally. According to the company, U.S. and Canadian customers can access the Crypto.com Custody Trust Company, which is chartered by the New Hampshire Banking Department.
The firm’s Crypto.com Custody Singapore, overseen by the
The MiCA license adds to Crypto.com’s growing portfolio of regulatory approvals. The Singapore-based crypto exchange, which also has a headquarters in Australia, has secured licenses from global regulators, including the U.K. Financial Conduct Authority, Dubai’s Virtual Assets Regulatory Authority, and multiple U.S. regulators since its launch in 2016.
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