A global blockchain technology entity has recently announced that it is the first in its sector to obtain a pre-authorization for the Markets in Crypto-Assets Regulation (MiCA). This regulatory approval will allow clientele in the specified region to access a myriad of regulated crypto exchange products. These offerings include over-the-counter (OTC) trading, spot trading, and bot trading options, encompassing more than 240 cryptocurrency tokens, over 260 trading pairs, and 60 pairs specifically tied to the Euro.
The institution is actively pursuing a full MiCA license, intending to passport it from its operations in Malta to all 30 member states of the European Economic Area (EEA). This passporting capability, as outlined in MiCA regulations, permits businesses licensed in one EU nation to operate in other member countries under a unified regulatory framework.
Once this full licensing is achieved, the organization aims to deliver tailored cryptocurrency services to approximately 400 million residents within the EEA from its Malta operations. The planned Malta hub will feature a website and mobile application equipped with local language support, currency conversion displays, and region-specific customer service options.
Expressing optimism, a representative stated that the platform will become the preferred destination for retail and institutional clients looking for a regulated environment for digital asset transactions in Europe. The focus on establishing a robust framework reflects a commitment to responsible growth and customer protection.
The Malta Financial Services Authority (MFSA) is recognized for its comprehensive regulatory approach. Through its Malta hub, users will have access to a digital asset platform that is secure and fully compliant with the highest global standards.
Furthermore, clients will benefit from fee-free euro transactions via bank transfers, making it easier to purchase cryptocurrencies using cards and other trusted local payment options. The choice of Malta as the MiCA hub is attributed to the country’s strong regulatory environment. The organization currently holds a Class 4 Virtual Asset Service Provider (VASP) license from the MFSA.
Currently, the platform caters to more than 60 million clients globally and supports both centralized and decentralized exchanges, providing a versatile trading environment that includes a wide array of financial instruments.