Crypto.com received approval to conduct business operations in the EU under the new MiCA regulations. Under this new license, the exchange will be able to offer its full suite of crypto services in Europe.

Additionally, Crypto.com has made several outreach efforts with US regulators in the last few weeks, and it may continue this conciliatory approach with EU compliance officials.

Crypto.com Under MiCA

Crypto.com is one of the oldest operational crypto exchanges in the industry. Several leading crypto firms like Tether have suffered major setbacks under MiCA, and its impact has greatly shifted the regional industry.

However, in Crypto.com’s press release, the firm strongly supports these regulations:

“We have always been fully supportive of MiCA and strongly believe it will bring clarity, transparency, and establish a more streamlined sentiment towards the regulation of our industry across the EU, all of which adds to the building confidence in the crypto sector,” said Eric Anziani, President and COO of Crypto.com.

Markets in Crypto Assets (MiCA) took effect at the end of December, and a growing number of businesses are achieving compliance. Still, Crypto.com called itself the first major global crypto asset service provider to win a MiCA license, and it plans to increase its EU operations.

Crypto.com has taken several steps to make inroads with regulators, independent of MiCA. For example, in the US, the SEC filed a Wells Notice against the firm,

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Author: Landon Manning