Crossmint gets MiCA nod to provide stablecoin infrastructure across EU
PositiveCryptocurrency
- Crossmint has received authorization from Spain’s CNMV under the Markets in Crypto-Assets (MiCA) regulation, enabling it to provide stablecoin infrastructure services across the European Union. This approval allows Crossmint to operate as a crypto asset service provider, facilitating the use of stablecoins in various financial applications within the EU.
- This development is significant for Crossmint as it positions the company to expand its services across the EU market, tapping into the growing demand for regulated cryptocurrency solutions and enhancing its competitive edge in the digital finance landscape.
- The approval aligns with broader efforts within the EU to establish a robust regulatory framework for cryptocurrencies, addressing concerns about the influence of US dollar stablecoins on monetary policy and fostering the development of euro-pegged stablecoins. As European financial institutions increasingly explore digital currency initiatives, this regulatory environment may lead to enhanced digital sovereignty and innovation in the region.
— via World Pulse Now AI Editorial System
