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Blockchain.com, 1 of the oldest crypto platforms operating a wallet and a blockchain explorer, has received regulatory support successful Europe arsenic it ramps up compliance efforts.
Blockchain.com obtained a Markets successful Crypto-Assets Regulation (MiCA) licence from the Maltese Financial Services Authority (MFSA), the institution said connected Thursday.
With the license, Blockchain.com is enabled to supply custody and wallet services successful 30 European Economic Area (EEA) countries and plans to rotation retired organization services, including treasury management.
“Prior to MiCA, the institution operated wrong a fragmented regulatory environment,” a spokesperson for Blockchain.com told Cointelegraph, adding that the licence helps it consolidate those services crossed the EEA nether a azygous regulatory umbrella.
New exec from Malta’s fiscal association
“Malta’s regulatory clarity and strategical presumption marque it the perfect hub to standard Blockchain.com’s European operations,” Blockchain.com co-founder and CEO Peter Smith said.
To pb its EU strategy, Blockchain.com has appointed Fiorentina D’Amore, a chairperson of the Financial Institutions Malta Association (FIMA), arsenic elder manager of EU concern operations and CEO of Blockchain.com Malta.
FIMA’s members number much than 20 companies, including crypto outfits similar Bitpanda, Tether-related StablR and more. Source: FIMALaunched successful 2017, FIMA is an relation representing licensed fiscal institutions successful Malta, aiming to beforehand the manufacture successful practice with section and EU-wide regulators. With erstwhile acquisition astatine large platforms including Bitpanda and eToro, D’Amore volition oversee Blockchain.com’s operations crossed the EU, focusing connected strategical growth.
“Leveraging disconnected the momentum of our MiCA license, we volition proceed to beforehand the equilibrium of innovation and compliance crossed the region,” D’Amore said.
Malta stands retired successful MiCA approach
Malta’s attack to issuing MiCA licenses has attracted some attraction and contention wrong the EU.
In July, the MFSA came nether scrutiny of the European Securities and Markets Authority (ESMA), Europe’s superior MiCA supervisory authority, for definite authorization shortfalls. The Maltese regulator aboriginal clarified that these issues posed nary hazard to its MiCA licensing process, underscoring the country’s relation arsenic an aboriginal adopter of crypto regulation.
MFSA opposed CASP supervision centralization successful September 2025. Source: MFSAMalta besides stands retired successful its stance against EU centralization connected crypto supervision.
While subordinate states specified arsenic France person called for ESMA to instrumentality nonstop supervision of crypto-asset work providers (CASPs), Malta has argued that it is excessively soon to instrumentality specified a large change, with MiCA having been successful full unit for little than a year.
Related: France turns up vigor connected Binance and rivals amid EU powerfulness struggle: Report
“It is premature to measure its afloat impact, particularly connected CASPs, and the MFSA believes that present is not the due infinitesimal to present further layers of supervision that could perchance hinder competitiveness and innovation wrong the integer assets market,” the regulator said successful a connection connected Sept. 17.
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