- Malta’s approval positions Crypto.com as first major global crypto platform compliant with EU’s strict consumer protection standards.
- MiCA license replaces fragmented national approvals, streamlining crypto trading, custody, and payments for 100M+ European users.
Crypto.com has obtained a regulatory license under the European Union’s Markets in Crypto-Assets (MiCA) framework from Malta’s Financial Services Authority. The approval, finalized this week, positions the platform as the first large-scale crypto service provider to secure full MiCA compliance.
This authorization permits the company to operate across all 27 EU member states and three additional European Economic Area (EEA) countries without requiring separate national approvals.
The Malta-based entity now joins Crypto.com’s growing portfolio of regional licenses. Earlier this month, the company received provisional approval from Maltese regulators, accelerating its ability to align operations with MiCA standards.
Continuing with MiCa’s coverage on ETHNews, the framework, which standardizes crypto asset rules across the EEA, requires platforms to meet strict consumer protection, transparency, and financial stability guidelines. Crypto.com confirmed it will consolidate its European services under this single license, replacing previous country-specific authorizations.
Eric Anziani, President and Chief Operating Officer of Crypto.com, stated the license reflects the company’s adherence to regulatory benchmarks. “Compliance remains central to our strategy,” he said.
“The EU’s structured approach allows us to unify our services while maintaining consistent safeguards for users.”
Anziani added that the platform plans to expand access to its trading, custodial, and payment products for European customers.
Crypto.com currently holds over 15 regulatory approvals worldwide
These include authorization from Singapore’s Monetary Authority, a UK electronic money license, and registrations in Dubai, Australia, and multiple U.S. states. The company reported serving more than 100 million users globally, a figure cited in its 2023 transparency disclosures.
Founded eight years ago, Crypto.com operates mobile and web platforms for cryptocurrency trading, wallet storage, and payment processing. Its corporate materials emphasize security protocols, such as storing most user assets offline.
The MiCA license coincides with broader industry efforts to standardize crypto regulations, as EU lawmakers aim to reduce risks linked to cross-border digital asset transactions.
Malta, often called the “Blockchain Island,” has approved fewer than ten MiCA licenses to date. Analysts note that Crypto.com’s approval could pressure competitors to expedite their compliance efforts as the EU’s December 2024 enforcement deadline approaches.
