On September 23rd, according to CoinDesk, a subsidiary of digital asset banking group Sygnum has obtained a crypto asset service provider (CASP) license in Liechtenstein. This registration allows Sygnum to provide regulated digital asset services, including brokerage, custody, and banking, to the European Economic Area (EEA) under the European Union's Crypto Asset Markets Act (MiCA).
The move marks Sygnum's plans to expand into the European Union market, joining the likes of Coinbase and Circle in preparing to expand its business under the MiCA framework. MiCA's stablecoin regulations came into effect in June this year, and other related regulations are expected to be implemented in December.
Sygnum Unit Receives Liechtenstein Crypto Asset Service Provider License
2024-09-23 13:12:48
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