- Bitpanda has introduced that it has obtained approval as MiCA compliant from Germany's BaFin.
- Crypto.com unveiled its full MiCA license by way of X on Monday.
- Different platforms have additionally secured key regulatory registration following full rollout in December 2024.
Crypto.com and Bitpanda have been authorised as licensed Markets in Crypto Property (MiCA) exchanges, in response to an announcement by the 2 firms on Monday.
The Crypto.com crew mentioned they obtained a full MiCA license. This comes simply days after the trade introduced it had obtained in-principle permission from Malta's monetary markets regulator.
Bitpanda mentioned in a weblog put up that it has obtained approval from Germany's Federal Monetary Supervisory Authority (BaFin).
Exchanges get MiCA approval
The approval marks the exchanges including to a rising variety of crypto platforms and repair suppliers getting the nod to develop throughout the European Union. This follows the introduction of full MiCA legal guidelines throughout the EU on the finish of 2024, with a number of exchanges going down between them to disclose plans for compliance.
MiCA's approval permits suppliers to supply their services within the European Financial Space (EEA), the primary marketplace for cryptocurrencies.
Bitpand Deputy CEO Lukas Enzersdorfer-Konrad mentioned in an announcement:
βThis achievement is the results of a long time of dedication to compliance and laws. With MiCAR, we not solely meet the best requirements within the business, we additionally set them. We at the moment are targeted on utilizing this license to speed up adoption and progress within the European market.β
Bitpanda and Crypto.com be part of Boerse Stuttgart Digital, MoonPay, OKX and Hidden Highway on the listing of crypto platforms which have obtained MiCA licenses.
