The exchange had to suspend certain unauthorized token services to meet MiCA assessment criteria
On January 27 2025, Crypto.com announced that its Malta entity has received a full Markets in Crypto Assets (MiCA) Licence from the Malta Financial Services Authority (MFSA), making it one of the first exchanges to be able to provide its range of crypto services across the European Economic Area.
The development, which follows an in-principle approval received earlier this month, enables operations under a streamlined and robust framework, improving transparency and trust in the sector.
A step forward for global crypto regulations:
“Securing a MiCA licence has been a major priority for us in recent years,” said Eric Anziani, President and COO, Crypto.com.
The executive lauded the European Union for showing foresight in the designing and implementing of the regulatory system, adding that the exchange looks forward to offering more European users crypto.com’s services in a regulated environment that enables seamless cross border activity.
Stablecoins such as Tether’s USDt among tokens delisted:
Tether’s USDt, Paypal’s PYUSD and services for seven other tokens have been suspended by Crypto.com to comply with the MiCA legislation.
Users holding these tokens will have until the end of Q1, 31st of March, to convert them to MiCA-compliant assets, otherwise they will be automatically converted to a compliant stablecoin or asset of corresponding market value,” Crypto.com’s representative said.
What this means for Cronos:
Crypto.com’s latest MiCA approval is an addition to an expanding list of licences and registrations globally. The company even recently relaunched its institutional offerings in the US.
The visibly strong fundamentals of the exchange secures the future of CRO and Cronos, the vibrant layer one (L1) chain backed by Crypto.com.
