Dutch Regulator Awards EU MiCA License to 4 Companies

4 digital asset firms have simply acquired Markets in Crypto Belongings (MiCA) licenses within the Netherlands, permitting them to function throughout the 27-nation European Union.

Crypto platform MoonPay, digital asset administration firm BitStaete, bitcoin lightning FinTech ZBD and prime brokerage and clearing firm Hidden Highway have obtained the coveted license for crypto asset service suppliers from the Dutch Monetary Markets Authority (AFM), based on a submitting dated December 30. .

MiCA is a tailored rulebook for crypto firms that requires firms to acquire a Crypto Asset Service Supplier (CASP) license from one member state, permitting them to function throughout the European Union.

The European Union has set a December 30 deadline for its member states to implement MiCA, though not all international locations have succeeded.

“MiCA represents a pivotal second for the European digital property business, and we’re proud to have labored with the Dutch AFM to be among the many first to embrace this new regulatory framework,” stated Ivan Soto-Wright, CEO and co-founder from MoonPay, in a press release.

Fan engagement platform Socios.com obtained approval from the Malta Monetary Providers Authority (MFSA), it stated in a press release on Monday. The approval is for a Class 3 Digital Monetary Belongings Act (VFAA) license that permits the corporate to function as a regulated digital monetary asset companies supplier.

In the meantime, Britain, which is carefully following the EU in its method to cryptocurrencies, added crypto buying and selling agency GSR Markets to its crypto registry on the finish of 2024.