Crossmint obtains Spanish MiCA license, enabling it to provide stablecoin infrastructure services in all 27 EU countries

According to Odaily, crypto payment infrastructure provider Crossmint has obtained the Markets in Crypto-Assets Regulation (MiCA) license issued by the Spanish Securities Market Commission (CNMV), becoming a compliant Crypto Asset Service Provider (CASP). This license allows Crossmint to offer stablecoin infrastructure services across all 27 EU member states.

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