Crypto.com receives principle approval for MiCA license

ChainCatcher news, according to The block, Singapore-based digital asset exchange Crypto.com has received in principle approval for the crypto asset market (MiCA) license. Although the exchange does not seem to have obtained full licensing yet, final approval will allow Crypto.com to operate across the EU after the MiCA rules come into effect in late December 2024.

MiCA was first passed in April 2023, establishing a regulatory framework for digital assets in the EU, allowing companies with a MiCA license in one EU member state to operate throughout the EU.