Safello AB, the subsidiary of Safello — the leading cryptocurrency exchange in the Nordics with over 410,000 users — has been authorized by the Swedish Financial Supervisory Authority (Finansinspektionen) as a crypto-asset service provider under the EU’s Markets in Crypto-Assets regulation (MiCA).
The authorization, following Safello’s April application, covers a full suite of crypto asset services: transfer services, custody and administration, execution and reception/transmission of orders, and exchanges of crypto-assets for funds and for other crypto-assets. MiCA, fully in force since December 2024, harmonizes EU rules to strengthen consumer and investor protection, market integrity and financial stability; authorised entities must comply with strict requirements on customer protection, risk management, asset handling and governance.
Safello’s CEO Emelie Moritz described the license as a pivotal milestone and noted Safello is the first Swedish company to receive a CASP license under MiCA, underlining the firm’s drive to build a trusted, compliant and innovative platform across Europe. Operating in Sweden since 2013 and listed on Nasdaq First North Growth Market since 2021, Safello offers secure, high-speed solutions for buying, selling, storing and on-chain deposits and withdrawals, and says the MiCA authorization will support its mission to make crypto accessible while helping shape a transparent and secure digital-asset market.
FAQ 🧭
• What does Safello’s MiCA authorization mean for Swedish users? — It allows Safello to legally offer trading, custody, transfers and exchanges of crypto-assets to customers in Sweden under EU rules.
• Which services is Safello authorized to provide in Sweden? — Safello AB is authorized for transfer services, custody/administration, execution and reception/transmission of orders, and crypto‑fiat and crypto‑crypto exchanges.
• How does MiCA affect consumer protection in Sweden? — MiCA enforces stricter rules on customer protection, risk management and custody practices for Swedish crypto firms like Safello.
• Where can Swedish customers verify Safello’s license? — Verification can be done via Finansinspektionen’s registry and Safello’s official disclosures.
