On Friday, the cryptocurrency platform Crypto.com announced that it had received an agreement in principle to obtain a “MiCA license”. What does this mean?
Crypto.com Receives Agreement in Principle for MiCA License
Since December 30, the MiCA regulation has come into force within the European Union and all players offering services on digital assets must now comply with it. In this race for regulation, Crypto.com made an important announcementrevealing that it had obtained an agreement in principle with a view to obtaining a MiCA license:
🇪🇺 https://t.co/vCNztATSCO is extremely proud to be the first major global crypto asset service provider to receive in-principle approval of its MiCA License 🇪🇺
The license will enable the company to passport services across the EU under the new MiCA regulatory framework.
Tea… pic.twitter.com/JMWEmGSzb3
— Crypto.com (@cryptocom) January 17, 2025
💡 Discover our opinion on Crypto.com crypto cards
With this new step ahead, the platform will then be able to officially address all investors in the European Union, where a regulatory journey was necessary in each targeted jurisdiction before this.
Although announcements of this type should follow one another throughout the year, that of Crypto.com is unique in the sense that it opens the ball. That said, let us note an interesting choice of words, because neither in publication X nor in the press release is there any mention of Crypto-Assets Service Provider (CASP), namely the official status provided for by the MiCA regulation. The term “license” is preferred. However, future announcements should clarify this point when the platform has officially obtained said license.
Regardless, Eric Anziani, the president and COO of Crypto.com, showed his enthusiasm for this harmonization of rules at the European level:
We have consistently demonstrated our commitment to responsible expansion across the EU, a growing and vital hub for cryptocurrency investment, and we look forward to working with the Union to ensure we continue to grow significantly. compliant with MiCA regulations.
👉 Also read — Are the French Web3 leaders ready for MiCA? Exclusive interviews with 4 crypto companies
Despite this particularly positive announcement, CRO, the flagship token of the Crypto.com ecosystem, fell by almost 6.7% in 24 hours. At the time of writing, it is trading at a price of $0.13 per unit.
Crypto.com: up to €50 offered with the code CRYPTOAST
Source: Crypto.com
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Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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