Crossmint obtains Spain's MiCA license, enabling it to provide stablecoin infrastructure services across the 27 EU countries

Odaily Planet Daily News: Cryptocurrency payment infrastructure provider Crossmint has obtained a license under the “Regulation on Markets in Crypto-Assets” (MiCA) 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.

The license covers three core CASP activities: fiat and cryptocurrency dual exchange, custodian services for crypto assets, and cross-wallet and cross-chain transfer services. Crossmint co-founder Rodri Fernández Touza stated that as the MiCA transition period ends in July, many remittance companies, payment platforms, and emerging banks are now requiring the use of partners holding MiCA licenses. Non-compliant providers may face the risk of being forced out of the market. (Cointelegraph)