Singapore-based cryptocurrency exchange company Crypto.com has on Monday announced that its Malta entity has received a markets in crypto assets (MiCA) license from the Malta Financial Services Authority (MFSA).

The company said in a statement that it is the first major global crypto asset service provider (CASP) to receive a full MiCA licence, which will allow Crypto.com to passport services across the European Economic Area (EEA).

The announcement comes after the company announced in-principle approval of its MiCA license earlier this month. Crypto.com can now provide its market-leading range of crypto services across the EEA under a streamlined and robust framework bringing a significantly improved degree of transparency to the sector.

“Securing a MiCA licence has been a major priority for us in recent years, and receiving this approval further cements our continued commitment to being the most compliant and regulated crypto platform globally,” said Eric Anziani, President and COO, Crypto.com.

“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 industry-leading products and services in a regulated environment,” he added.

The MiCA license adds to Crypto.com’s expanding list of licenses and registrations globally including, but not limited to, a UK Electronic Money Institution license (FCA), a Major Payment Institution License in Singapore (MAS), a Virtual Assets Service Provider License in Dubai (VARA), U.S. Money Transmitter Licences, U.S. Designated Contracts Market (DCM) & Derivatives Clearing Organization (DCO) licenses and an Australian Financial Services License (AFSL) and Australian Credit License (ACL).

Founded in 2016, Crypto.com is used by more than 100 million customers worldwide.

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