Four digital asset companies have secured Markets in Crypto Assets (MiCA) licenses in the Netherlands, allowing them to operate across the 27-nation European Union.
Crypto platform MoonPay, digital asset management company BitStatebitcoin lightning FinTech ZBD and main brokerage and clearing company Hidden Road obtained the preferred crypto asset service providers license from the Dutch Authority for the Financial Markets (AFM), a the filing from Dec. 30 showed.
MiCA is a custom rulebook for crypto companies that requires companies to receive a Crypto Asset Service Provider (CASP) license from a member state that allows them to operate throughout the European Union.
The European Union has set a December 30 deadline for its member states to implement MiCA, although not all countries coped.
“MiCA represents an important moment for the European digital asset industry, and we are proud to have partnered with the Dutch AFM to be one of the first adopters of this new regulatory framework,” said Ivan Soto-Wright, CEO and co -founder of MoonPay, in a statement.
Fan engagement platform Socios.com has obtained permission from the Malta Financial Services Authority (MFSA), it said in a statement on Monday. Approval is for a Virtual Financial Assets Act (VFAA) class 3 license. which will enable it to operate as a regulated Virtual Financial Asset service provider.
Meanwhile, the UK, closely following the EU in its approach to crypto, has added crypto trading firm GSR Markets to their crypto registry by the end of 2024.
