news 
MoonPay and ZBD Secure MiCA Licenses for EU Expansion
In a recent development, MoonPay and ZBD have successfully secured their Markets in Crypto-Assets (MiCA) licenses from the Netherlands. This milestone achievement enables them to operate unhindered across all 27 member countries of the European Union.
The granting of these licenses demonstrates the companies’ commitment to complying with the EU’s regulatory framework for cryptocurrency firms. The MiCA regulations aim to promote transparency and security within the digital asset ecosystem, providing a unified framework for compliant crypto businesses.
According to Ivan Soto-Wright, CEO and co-founder of MoonPay, “MiCA represents a pivotal moment for the European digital asset industry, and we’re proud to have worked collaboratively with the Dutch AFM [Financial Authority] to be among the first to embrace this new regulatory framework.”
The recent developments in the European stablecoin sector are driving rapid expansion. The MiCA license will undoubtedly contribute to the further acceleration of innovation and adoption within the region. Notably, Binance and Coinbase-backed tokens have already gained significant traction.
As the policy takes full effect on December 30, 2024, it is crucial for service providers to adhere to strict criteria. These conditions include ensuring transparency and obtaining operational permissions.
The MiCA framework sets out a comprehensive set of rules aimed at fostering dependability and stability within the digital asset ecosystem.
Source: http://www.crypto-news-flash.com
