Bitpanda announced that it has secured approval from Germany's Bafin as MICA compliant. Crypto.com revealed its Fulmica license via X on Monday. Other platforms have secured key regulatory registrations after being fully rolled out in December 2024.
Crypto.com and Bitpanda have been approved as marketplaces for the exchange of Crypto Assets (MICA) licenses, according to announcements from both companies on Monday.
The Crypto.com team stated that they have received a full MICA license. This comes days after the exchange announced it had secured in-principle approval from the Malta Financial Markets Regulatory Authority.
Bitpanda said in a blog post that it had received approval from Germany's Federal Financial Supervisory Authority (Bafin).
Exchange gets Mica's nod
With the approval, the exchange joins a growing number of crypto platforms and service providers getting the nod for expansion across the European Union. This will follow the full EU-wide rollout of the MICA law at the end of 2024, with multiple exchanges taking place between them to clarify their plans for compliance.
MICA approval allows providers to offer products and services in the European Economic Area (EEA), a major market for crypto.
Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad said in a statement:
“This accomplishment is the result of a 10-year commitment to compliance and regulation. At MICAR, we not only meet, but set the highest standards in the industry. Our focus now is to use this license to and accelerate adoption and growth across the European market.”
Bitpanda and crypto.com Boerse Stuttgart Digital, MoonPay, OKX, and Hidden Road join the list of Crypto platforms to receive MICA licenses.
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