- Hidden Road, BitStaete, FinTech ZBD, and MoonPay became the first to receive MiCA licenses in the Netherlands, enabling operations in all 27 EU countries.
- MiCA framework marks a significant milestone for crypto regulation, granting digital asset firms an easy entry into the European crypto market.
Crypto entities Hidden Road, BitStaete, FinTech ZBD, and MoonPay, have received the highly desired MiCA license from the Dutch authority, a filing from December 30, 2024 revealed.
MiCA (Markets in Crypto-Assets) has been the European Union’s harmonized crypto regulation. The rule provides legal certainty by introducing a clear framework for crypto firms since it was introduced on June 29, 2023.
Under MiCA, all digital asset companies within the EU must secure a license from one of the member states so that they can provide their services. The December 30, 2024 deadline for the EU member states to implement MiCA saw some countries meet their requirements, while others are still working on it.
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Crypto Assets Service Provider License
With the crypto assets service provider licenses, it means that these firms are now authorized to operate across all 27 European Union nations. The permit also acts as a signal to investors that the companies adhere to the EU laws and can expand their operations throughout Europe.
Following the approval of MoonPay, CEO and co-founder Ivan Soto-Wright, expressed his excitement. He said, “This milestone is more than just a regulatory approval—it’s a pivotal step in solidifying the crypto industry’s role in the global economy.”
“We are excited to deepen our collaborations with regulators, businesses, and users as we pave the way for the future of crypto,” he added.
The approvals are now expected to pave the way to further regulatory advancements and enhance crypto companies’ stability within the EU crypto market.
