Cryptocurrency and stablecoin infrastructure startup zero hash has received authorization to offer regulated crypto-asset and stablecoin infrastructure services in the European Economic Area.
The company said on Monday (November 3) press release this Zerohash Europe won This authorization in the form of authorization under the European Union Markets in Cryptoasset Regulation (MiCAR) of Dutch Financial Markets Authority.
With this authorization, Zerohash Europe has received explicit permission to provide customers with B2B2C integrated crypto and stablecoin services, according to the release.
“Obtaining MiCAR authorization is a major milestone in our mission to make digital assets securely and reliably accessible. » Edward Woodfordfounder and CEO of Zerohash Group, said in the release. “We are excited to continue accelerating our vision that blockchain technology, which underpins digital assets and stablecoins, will become an integral part of financial institutions.”
The company already has a regulatory and licensing footprint in the United States, Bermuda, Canada, Australia and much of Latin America, according to the release.
“Europe’s decision to formalize regulation of crypto assets and stablecoins is generating real momentum towards widespread adoption.” Roland Goldbergmember of the board of directors of Zerohash Europe, said in the press release. “With regulatory clarity in place, major banks, FinTech and payment platforms are actively exploring stablecoins, tokenization and stablecoin issuance, and integrated crypto rails.”
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It has been reported Wednesday (October 29) MasterCard is close to acquire Zerohash, with the companies in late-stage talks over a $1.5-$2 billion deal, although that could still fall through. Contacted at the time by PYMNTS, Zerohash and Mastercard declined to comment on the report.
In September, Zerohash announced that he raised $104 million in new funding In a D-2 series round for speed up expanding products and hiring new talent. The company said in a press release at the time that the round occurred amid rising demand for enterprise-grade blockchain infrastructure, sparked by a boom in consumer adoption and new regulatory clarity in the United States and Europe.
On September 23, it was reported that Zerohash will power the upcoming addition of cryptocurrency trading has THE platform of E-commercethe online stock trading arm of Morgan Stanley.
