Crypto.com has taken its European expansion strategy up a notch after obtaining an in-principle license from MFSA. This decision from Malta Financial Services Authority positions the company at the forefront of the EU’s crypto regulatory landscape.
Strategic Compliance Achievement
Crypto.com secures an in-principle Markets in Crypto-Assets license from the MFSA, becoming the first major crypto service provider to achieve this. The approval enables the platform to offer its comprehensive range of crypto services throughout the EU under specific conditions.
The achievement builds upon the company’s existing regulatory foundation in Malta, where it previously obtained a Class 3 Virtual Financial Assets License in 2021. This earlier authorization allowed Crypto.com to execute orders, provide custodian services, and conduct trading activities.
The platform’s commitment to regulatory compliance is further demonstrated by its recent strategic moves, including securing principal membership with Mastercard in December 2024, enabling direct card issuance across the network. Additionally, the acquisition of Orion Principals Limited, regulated by the Abu Dhabi Global Market, strengthens its position in traditional financial services
How Will MFSA License Impact Crypto.com?
Eric Anziani, President and COO of Crypto.com, emphasizes the company’s support for MiCA’s role in bringing clarity to the industry. The regulatory framework, which came into full effect on December 30, 2024, introduces comprehensive requirements for crypto-asset service providers across the EU.
This development also coincides with Crypto.com’s broader expansion efforts, including partnerships with major brands like Accor’s ALL loyalty program, enabling crypto-to-point conversions for over 5,600 properties worldwide.
The license positions Crypto.com strategically within the European market, where MiCA regulations now govern everything from exchanges and stablecoins to investor protections. This unified approach removes legal discrepancies across EU member states, enabling more efficient scaling of operations.
Future Growth and Development
The platform, which serves over 100 million customers globally, demonstrates its commitment to regulatory compliance through this latest achievement. The MiCA license will enable Crypto.com to expand its services while maintaining alignment with European regulatory standards.
This development coincides with other significant milestones for the company, including the recent extension of its Formula 1 partnership through 2030. The timing proves strategic as the EU crypto market continues to mature under the new regulatory framework.
In addition, Crypto.com plans to leverage this authorization to enhance its European presence while maintaining strict compliance with MiCA regulations. The company’s focus on security, privacy, and regulatory adherence positions it strongly in the evolving digital asset landscape.
