Crypto.com Receives MiCA License for EU Expansion
Crypto.com has been approved to operate in the EU under the new MiCA regulations. Under this new license, the exchange will be able to offer a full suite of crypto services in Europe.
Additionally, Crypto.com has conducted numerous outreach efforts with U.S. regulators over the past few weeks and may continue this conciliatory approach with EU compliance officials.
Crypto.com is One of the oldest operating cryptocurrency exchanges in the industry. Several leading cryptocurrency companies, including Tether, have Major setback under MiCAwhose impact has dramatically changed regional industries.
However, in the media of Crypto.com releasethe company strongly supports these regulations:
“We have been fully supportive of MiCA and firmly believe it will bring clarity, transparency, and create a more streamlined sentiment for industry regulation across the EU, all of which increases confidence in the cryptocurrency industry.” Eric Anziani, Crypto. com President and Chief Operating Officer.
Crypto Asset Market (MiCA) and take effect at the end of December The number of enterprises continues to increase Compliance is being achieved. Nonetheless, Crypto.com claims to be the first major global crypto-asset service provider to receive a MiCA license and plans to increase its presence in the EU.
Crypto.com has taken several steps to make progress with regulators unrelated to MiCA. For example, in the United States, the SEC Wells Notice Submitted Opposition to the company led to subsequent litigation.
However, in its CEO meets Donald Trump in Decemberthe company dropped all charges. it also proceeds to Offers stocks and ETFs also Hosting services for the US market.
In other words, the exchange’s real priority is improving relations with U.S. regulators. Earlier this week, the company Facing CFTC reviewand promise Donate to Los Angeles Fire Rescue A few days later.
This shows that Crypto.com is trying to be proactive in safeguarding its reputation and will likely continue this approach while complying with MiCA.
Anziani added that Crypto.com plans to pursue “responsible expansion across the EU” under MiCA’s leadership. He called the region a growing center for the cryptocurrency industry and expressed hope that Crypto.com would grow with it.
The exchange plans to establish a long-term and productive relationship with European financial regulators.
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