Crossmint has obtained MiCA licensing in Spain to provide stablecoin infrastructure services across the 27 EU countries

According to Cointelegraph, cryptocurrency payment infrastructure provider Crossmint has obtained a license for the Markets in Crypto-Assets Regulation (MiCA) issued by the Spanish Securities Market Commission (CNMV), becoming a compliant Crypto Asset Service Provider (CASP). This license allows Crossmint to provide stablecoin infrastructure services across all 27 EU member states.

This license covers three core CASP activities: fiat and cryptocurrency two-way exchanges, custodial services for crypto assets, and cross-wallet and cross-blockchain transfer services. Crossmint co-founder Rodri Fernández Touza stated that as the MiCA transition period will end in July, many remittance companies, payment platforms, and emerging banks are now requiring partnerships with licensed MiCA holders, and non-compliant providers may face the risk of being forced out of the market.