On December 30, 2024, the Netherlands became the first country in the European Union (EU) to grant Markets in Crypto Assets (MiCA) licenses to four digital asset companies: MoonPay, BitStaete, ZBD, and Hidden Road. This is a significant turning point that allows these businesses to expand operations across all 27 EU member countries.
MiCA: An Important Step for the EU
#MiCA is the pioneering legal framework established by the EU, requiring cryptocurrency companies to obtain Crypto Asset Service Provider (CASP) certification in at least one member state. After that, they can operate legally throughout the bloc.
Although the EU set a deadline of December 30, 2024, for member states to implement MiCA, not all are ready. However, the Netherlands has quickly taken the lead, reinforcing its position as a crypto financial center in the region.
List of Licensed Companies
1. MoonPay: Global crypto trading platform.
2. BitStaete: Digital asset management company.
3. ZBD: FinTech focused on Lightning Network technology for Bitcoin.
4. Hidden Road: Brokerage and clearing unit.
According to Mr. Ivan Soto-Wright, CEO of #MoonPay :
"MiCA is a historic milestone for the European digital asset industry. We are proud to collaborate with the Netherlands to implement this new regulation."
Globally Following Europe
Not only the EU, but other countries are also actively adjusting to keep up with the trend:
• Malta: Granted a license to Socios.com, a fan engagement platform, to operate virtual financial assets (VFAA).
• United Kingdom: Added GSR Markets, a crypto trading company, to the list of regulated entities.
A Bright Future for Crypto
The issuance of MiCA licenses not only brings legal transparency but also promotes the growth of the #crypto industry. With major companies like MoonPay and ZBD leading the way, the EU is laying a solid foundation to become the global digital financial center.
Europe is not only leading in regulation but also paving the way for a new era of cryptocurrency. 🚀