Crypto.com Receives MiCA License to Continue Expansion

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Crypto exchange Crypto.com has announced that it has received approval in principle to operate across the European Union under a Markets in Crypto-Assets (MiCA) license. This license will allow the exchange to operate under a unified regulatory framework once it is finalized.

Crypto.com is the first global exchange to receive this designation, although it has not specified which jurisdiction granted the license.

According to Crypto.com’s president and chief operating officer Eric Anziani, the implementation of MiCA will bring clarity, transparency, and a streamlined approach to the regulation of the crypto industry in the EU. He believes that this will help build confidence in the sector.

MiCA is the EU’s regulatory framework designed to standardize and regulate the crypto market. It covers a range of aspects, including crypto asset regulation, requirements for providers, and jurisdictional responsibilities.

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