Crossmint has received a license from the Spanish MiCA to provide stablecoin infrastructure services in 27 EU countries.

Crossmint, a cryptocurrency payment infrastructure provider, has received a license from the Spanish Securities and Markets Commission (CNMV) under the Crypto Asset Market Regulation Act (MiCA), becoming a compliant Crypto Asset Service Provider (CASP). This license allows Crossmint to provide stablecoin infrastructure services in all 27 EU member states. The license covers three core CASP services: fiat-to-crypto exchange, custodial crypto assets, and cross-wallet and cross-blockchain transfer services. Crossmint co-founder Rodri Fernández Touza stated that with the MiCA transition period ending in July, many remittance companies, payment platforms, and emerging banks are now requiring MiCA-licensed partners, and non-compliant providers may face the risk of being forced out of the market. (Cointelegraph)