Crypto.com has secured in-principal approval for a Markets in Crypto-Assets (MiCA) license, enabling it to operate throughout the European Union under a cohesive regulatory framework. Once finalized, Crypto.com will be the first global exchange to hold this license. The MiCA regulation aims to enhance clarity and transparency in the crypto sector, with a focus on improving confidence within the industry. MiCA was introduced in September 2020, adopted in May 2023, and became enforceable in December 2024. This development may create challenges for certain companies, such as Tether, whose stablecoin may face compliance scrutiny under the new rules. Meanwhile, Crypto.com continues to expand its operations globally, including recent ventures in the United States. Founded in 2016, Crypto.com reportedly serves more than 100 million users worldwide.

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