Crossmint Secures MiCA License for Crypto Services Across EU

According to Odaily, Crossmint, a provider of crypto payment infrastructure, has received the Markets in Crypto-Assets (MiCA) license from the Spanish Securities Market Commission (CNMV). This authorization allows Crossmint to operate as a compliant crypto asset service provider (CASP) across all 27 European Union member states, offering stablecoin infrastructure services. The license covers three main CASP activities: bidirectional exchange between fiat and cryptocurrencies, custodial services for crypto assets, and cross-wallet and cross-blockchain transfer services. Crossmint co-founder Rodri Fernández Touza noted that with the MiCA transition period ending in July, many remittance companies, payment platforms, and emerging banks are now seeking partners with MiCA licenses. Non-compliant providers may face the risk of being forced out of the market.