European Union regulators have granted preliminary approval for a Markets in Crypto Assets (MiCA) licence to Crypto.com, making it one of the first major cryptocurrency platforms to achieve this milestone.
Once fully approved, Crypto.com will be able to offer its services within the EU under a new, unified regulatory framework.
The MiCA regulations aim to enhance transparency and consumer protection in the cryptocurrency market.
Eric Anziani, President and COO of Crypto.com, stated that they have always supported MiCA and believe it will bring clarity, transparency, and a more streamlined approach to regulating the industry in the EU.
He also expressed their commitment to responsible expansion in the region and their excitement to continue growing in compliance with MiCA regulations. Established in 2016, Crypto.com serves over 100 million customers globally with its platform for buying, selling, and trading cryptocurrencies.
