Blockchain.com secured a MiCA license from the MFSA, allowing it to scale regulated crypto custody and institutional services across 30 European markets.
Blockchain.com, one of the industry’s oldest crypto platforms, has successfully received major European regulatory approval. The company took a Markets in Crypto-Assets Regulation (MiCA) license. Furthermore, this critical authorization was directly given by the Maltese Financial Services Authority (MFSA). Therefore, this move has substantially ramped up their efforts towards compliance across the continent now.
Blockchain.com Expands Custody and Wallet Services in Europe
The new license allows Blockchain.com to provide services in a broad manner. Specifically, they are now able to offer custody and wallet services in a legal way. This coverage covers all 30 countries in the European Economic Area (EEA). In addition to this, the company plans to deploy sophisticated institutional services in a short time. These services include treasury management tools at the institutional level.
Related Reading: Crypto News: Revolut Secures MiCA License to Expand Crypto Services in EU | Live Bitcoin News
Indeed, the MiCA framework is critical to the company. It is the first comprehensive regulatory area offered by the European Union as a whole. Furthermore, it brings uniform, high standards, around key operations. These operations include: Digital asset custody Consumer protection. As a result, MiCA establishes a harmonized context of responsible innovation at once.
Now with this new found regulatory clarity the company can scale. As such, they will launch secure digital asset custody and localised products. These are designed in particular for the different EU markets. Ultimately, this guarantees the harmonized distribution of services across all of the member states in an efficient way.
The company is getting more seriously involved in the region. Specifically, they are investing heavily in Europe’s top talent now. As a result, this talent will be at the forefront of operations and core growth. Furthermore, they are excited to have Fiorentina D’Amore on the team. She will be an effective leader in carrying out the important EU expansion strategy.
D’Amore to Oversee Blockchain.com’s MiCA-Driven EU Rollout
Taking advantage of the MiCA license, D’Amore will lead the effort in key markets. She will be focused on the scaling of services and ensuring complete regulatory compliance. Therefore, by having her as the leader, we make sure that growth is also in the highest standards of innovation and trust. D’Amore is a senior leader in financial services, fintech and crypto. She has more than 25 years of expertise to bring to the job.
Her career covers the top banks in Malta and other compliance frameworks. In addition, she is the Chairperson in the Financial Institutions Malta Association (FIMA). There, she promotes industry best practices and corporate governance standards. Known to be a vocal advocate, she advocates the systematization of crypto. She sees crypto as a future mainstream financial instrument on a global scale.
Blockchain.com Co-Founder and CEO Peter Smith recognized the significance of the move. Furthermore, D’Amore said Malta is the perfect jumping-off board at this time. It is a world-class clarity of regulations for expansion. Therefore, the focus is on building a compliant, institutional-grade center immediately. This center will be able to serve the millions of verified users who trust the platform.
Since 2011, Blockchain.com has been involved in more than $1 trillion in transactions. Moreover, the firm has served over 90 million wallets worldwide. For that, their trajectory forward has always been based on security, transparency, and compliance. The company welcomes frameworks that protect consumers but support innovation. Therefore, they are dedicated to working hand-in-hand with regulators.
The post Crypto News: Blockchain.com Secures MiCA License, Plans Major EU Expansion appeared first on Live Bitcoin News.