Crypto.com Expands EU Services with In-Principle MiCA License from MFSA

Crypto.com has announced securing an in-principle Markets in
Crypto-Assets (MiCA) license from the Malta Financial Services Authority
(MFSA). It has become the first major global crypto asset service provider to
achieve this milestone.

Full regulatory approval will enable Crypto.com to offer its
wide range of crypto services throughout the EU under a streamlined framework,
enhancing transparency in the industry.

Crypto.com Secures MiCA

“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, Crypto.com.

Previously, in 2021, Crypto.com
obtained a Class 3 Virtual Financial Assets (VFA) License from the MFSA, allowing it to execute orders, offer
custodian services, and trade on its own account. The company also received
in-principle approval for a Financial Institution License from the MFSA.

Meanwhile, Crypto.com
has extended its partnership with Formula 1 until 2030, building on their
2021 collaboration to drive mutual growth. The partnership has contributed to
Formula 1’s expansion, including a cumulative TV audience of 1.5 billion, 750
million global fans, and 96 million social media followers, as reported by Finance Magnates.

BOOMProud to share that https://t.co/lS6nno3iDC is the first major global crypto asset service provider to secure an in-principle MiCA licence. 🚀All the details 👇https://t.co/Q5aLDxpU7l

— Steve | Crypto.com (@skalifowitz) January 17, 2025

Prioritizing Compliance with MiCA Regulation

Founded in 2016, Crypto.com serves over 100 million
customers globally and is known for its focus on regulatory compliance,
security, and privacy, according to the firm.

“We have consistently shown our commitment to
responsible expansion across the EU, a growing and vital hub for crypto
investment, and we look forward to working with the Union to ensure we continue
to grow in a compliant manner under the MiCA regulation,” Anziani added.

This article was written by Tareq Sikder at www.financemagnates.com.