Crossmint Obtains MiCA License in Spain, Can Provide Stablecoin Infrastructure Services Across 27 EU Countries

Odaily News: Cryptocurrency payment infrastructure provider Crossmint has obtained a license under the Markets in Crypto-Assets (MiCA) regulation from the Spanish National Securities Market Commission (CNMV), becoming a compliant Crypto-Asset Service Provider (CASP). This license allows Crossmint to provide stablecoin infrastructure services across all 27 European Union member states.

The license covers three core CASP businesses: two-way conversion between fiat currency and cryptocurrencies, custodial services for client crypto assets, and cross-wallet and cross-blockchain transfer services. Rodri Fernández Touza, co-founder of Crossmint, stated that as the MiCA transition period ends in July, many remittance companies, payment platforms, and neobanks now require partners holding MiCA licenses, and non-compliant providers may face the risk of being forced to exit the market. (Cointelegraph)