Dutch Regulatory Authority Grants MiCA License to Four Digital Asset Firms
The European Union has mandated its member states to implement new crypto regulations by December 30.
What You Need to Know:
- MoonPay, BitStaete, FinTech ZBD, and Hidden Road have been awarded the Markets in Crypto Assets license by The Netherlands.
- This Crypto Asset Service Provider License allows these companies to operate in the entire European Union.
Four digital asset firms have been granted the Markets in Crypto Assets (MiCA) licenses by the Dutch Authority for the Financial Markets (AFM), enabling them to function across all 27 EU member countries. These include Crypto platform MoonPay, digital asset management firm BitStaete, bitcoin lightning company FinTech ZBD, and prime brokerage Hidden Road.
The MiCA framework is a specific regulatory guide for crypto enterprises, mandating that firms obtain a Crypto Asset Service Provider (CASP) license from one member state, granting them operational freedom across the EU. The EU has set a December 30 deadline for member states to adapt these regulations, although not all countries have managed to comply as the deadline approaches.
“They will pave the way for a new regulatory framework that is pivotal for the European digital asset sector,” said Ivan Soto-Wright, co-founder and CEO of MoonPay, in an official statement.
