Crypto.com and Bitpanda Receive Regulatory Approvals In EU And UK

• Crypto.com has obtained authorization to provide cross-border crypto asset services across all EEA Member States.
• The company adds this license to its approvals in the U.K., Singapore, Dubai, the U.S., and Australia.
• Bitpanda can now operate in the U.K., offering services like staking, savings plans, and crypto indices.

Crypto.com and Bitpanda are advancing their European expansion with key regulatory approvals.

Crypto.com can now offer cross-border crypto services across all EEA Member States, while Bitpanda can expand its services to U.K. clients, reversing previous restrictions.

Both companies are thus strengthening their presence in key European markets.

Crypto.com Gets Regulatory Approval

Crypto.com said on Wednesday that it can now provide cross-border crypto asset services to all EEA Member States. This expansion strengthens its presence in key European markets and broadens access to its platform.

This news follows an announcement in late January that Crypto.com’s Malta entity has received a MiCA license from the Malta Financial Services Authority (MFSA).

This makes Crypto.com the first major global crypto asset service provider (CASP) to obtain full approval.

Securing a MiCA license has been the company’s major priority in recent years, according to its President.

“Receiving this approval further cements our continued commitment to being the most compliant and regulated crypto platform globally,” said Eric Anziani, President and COO of Crypto.com.

The approval adds to Crypto.com’s growing list of global licenses. These include regulatory approvals in the U.K., Singapore, Dubai, the U.S., and Australia.

Bitpanda Can Operate In The U.K.

On the other side of the English Channel, Bitpanda said it has received approval from the U.K.’s Financial Conduct Authority (FCA). This approval marks a major regulatory milestone in its European expansion.

With this approval, U.K. investors can now access Bitpanda, which offers over 500 cryptocurrencies, staking, savings plans, and crypto indices.