The Crypto Asset Service Providers License allows crypto companies to operate across the European Union.
Four digital assets companies have just secured Markets in Crypto Assets licenses in the Netherlands, letting them operate across the entire 27-nation European Union.MiCA is a bespoke rulebook for crypto companies that requires firms to receive a Crypto Asset Service Provider license from one member state which then enables them to operate across the entire European Union.
“MiCA represents a pivotal moment for the European digital asset industry, and we’re proud to have worked collaboratively with the Dutch AFM to be among the first to embrace this new regulatory framework,” said Ivan Soto-Wright, CEO and co-founder of MoonPay, in a statement. Fan engagement platform Socios.com secured authorization from the Malta Financial Services Authority , it said in a statement on Monday. The approval is forMeanwhile, the U.K., which is closely following after the EU in its approach to crypto, added crypto trading firm GSR Markets to itsCamomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.