Crypto.com Secures In-Principle MiCA Approval for EU Operations

Crypto.com has achieved a significant milestone by securing in-principle approval under the Markets in Crypto-Assets (MiCA) framework, marking it as the first major global crypto asset service provider to do so. This approval is pivotal as MiCA represents the first comprehensive regulatory framework for cryptocurrencies within the European Union, facilitating companies to obtain permits that are valid across all 27 member states. The approval, announced on January 17, 2025, was likely issued by French financial authorities, given Crypto.com's European regional headquarters in Paris. Eric Anziani, President and COO of Crypto.com, emphasized the importance of MiCA in building trust within the crypto sector, highlighting the company's commitment to regulatory compliance and fostering a secure environment for crypto transactions.