PANews reported on January 18 that Crypto.com, a Singapore-based digital asset exchange, has received in-principle approval for a crypto asset market (MiCA) license, according to The block. Although the exchange does not appear to have received a full license, obtaining final approval will allow Crypto.com to provide services across the EU after the MiCA rules come into effect in late December 2024.

First adopted in April 2023, MiCA establishes a regulatory framework for digital assets in the EU, allowing companies with a MiCA license in one EU member state to operate throughout the EU.