Crypto.com secures MiCA license in Malta

Singapore-based exchange Crypto.com has obtained a MiCA license from Maltese authorities after receiving provisional approval in mid-January.

The Malta Financial Services Authority has reward a crypto-asset markets regulation license to Malta-based Crypto.com subsidiary, making the company one of the first major crypto exchanges to gain regulatory approval under European Union licensing .

Obtaining a MiCA license from the MFSA allows Crypto.com to issue a compliant passport for its services in the European Economic Area, which includes 27 individual member states.

Eric Anziani, president and COO of Crypto.com, noted that the company priority obtain a MiCA license as part of its global expansion strategy. Anziani added that the platform plans to promote the regulated adoption of cryptocurrencies across Europe.

The European Union has shown incredible foresight in designing and implementing a regulatory system, which means we can streamline operations to ensure both compliance and seamless cross-border activity. We look forward to offering more European users our cutting-edge products and services in a regulated environment.

Eric Anziani, President and COO at Crypto.com

In a separate announcement, Crypto.com revealed its new custody services for institutional clients in the United States, Canada and globally. According to the company, US and Canadian customers can access the Crypto.com Custody Trust Company, licensed by the New Hampshire Banking Department.

Crypto.com Custody Singapore of the company, supervised by the

The MiCA license adds to Crypto.com’s growing portfolio of regulatory approvals. The Singapore-based crypto exchange, which also has a head office in Australia, has obtained licenses from global regulators including the UK’s Financial Conduct Authority, Dubai’s Virtual Assets Regulatory Authority and several US regulators since its launch in 2016.