- Bitpanda announced it has received MiCA compliance approval from Germany’s BaFin.
- Crypto.com on Monday announced the grant of its full MiCA license via X.
- Other platforms have also obtained key regulatory registrations ahead of MiCA’s full rollout in December 2024.
According to announcements from both companies on Monday, Crypto.com and Bitpanda have been approved as licensed crypto-asset trading venues under the Markets in Crypto-Assets (MiCA) framework. The Crypto.com team stated on X that it has obtained its full MiCA license. Only days earlier, the exchange revealed it had received an initial authorization in principle from Malta’s financial regulator. Bitpanda, in a blog post, reported that it secured approval from Germany’s Federal Financial Supervisory Authority (BaFin).
Exchanges Receive MiCA Recognition
With these approvals, an increasing number of cryptocurrency platforms and service providers are cleared to expand across the European Union. The EU is set to implement the full MiCA regulatory framework by the end of 2024, and firms have been engaging with regulators and disclosing their compliance plans ahead of the rollout. MiCA authorization allows providers to offer their crypto products and services throughout the European Economic Area (EEA), which is a primary market for digital assets.
Bitpanda’s Deputy CEO, Lukas Enzersdorfer-Konrad, said in a statement that this achievement represents a decade of work on compliance and regulatory readiness. “Through MiCAR, we are not only meeting the highest standards in the industry, we are helping to shape them,” he said. “Our focus now is on using this license to accelerate adoption and growth across the whole European market.”
Bitpanda and Crypto.com join other platforms that have secured MiCA permissions, including Boerse Stuttgart Digital, MoonPay, OKX, and Hidden Road, reflecting a growing wave of regulatory approvals as the sector prepares for the new EU framework.