Luxembourg-based fintech company Blockchain.com can legally offer wallet and custody services in the European Economic Area (EEA) after obtaining its Crypto Asset Markets (MiCA) license from the Malta Financial Services Authority (MFSA).
Blockchain.com CEO Peter Smith shared the news in an October 23 article on X, calling it a “major breakthrough” for the company.
Smith also praised Malta’s “regulatory clarity and strategic position” in a statement, in which he called the country “an ideal hub for growing Blockchain.com’s European operations.”
Blockchain.com announces that it will begin expanding its European services with new MiCA-compliant products. According to a press release, it will begin offering secure custody, treasury and digital asset wallet services to all 30 EEA member states.
The firm also announced the appointment of Fiorentina D’Amore “to lead the execution of the European strategy”. D’Amore is president of the Financial Institutions Association of Malta (FIMA).
Blockchain.com also recently received regulatory approval to expand its operations beyond Europe. As Coinspeaker reported on August 1, the Monetary Authority of Singapore (MAS), the country’s central bank, has granted Blockchain.com a Major Payment Institution (MPI) license, allowing it to provide digital payment token (DPT) services to accredited customers.
The recent flurry of activity comes as the company seeks to list publicly in the United States through a SPAC merger, according to an October 20 report. Although no clear details have yet been revealed, Blockchain.com has reportedly initiated consultative discussions with Cohen & Company Capital Markets.
The group has also strengthened its legal team in recent months, appointing Timothy Flynn, former KPMG CEO and JPMorgan board member, and Landon Edmond, Klaviyo’s chief legal officer, to its board.
Read original story Blockchain.com Receives MiCA License in Malta, Appoints FIMA President as Director of European Operations by Tristan Greene on Coinspeaker.com
