TechFlow reported on January 14 that, according to Cointelegraph, Crossmint, a crypto payment infrastructure provider, has obtained a license under the Markets in Crypto-Assets Regulation (MiCA) from Spain’s National Securities Market Commission (CNMV), becoming a compliant Crypto-Asset Service Provider (CASP). This license allows Crossmint to offer stablecoin infrastructure services across all 27 European Union member states.
The license covers three core CASP activities: two-way exchange between fiat and cryptocurrencies, custody of crypto assets on behalf of clients, and transfer services across wallets and blockchains. Crossmint co-founder Rodri Fernández Touza said that with the MiCA transition period set to end in July, many money transfer companies, payment platforms, and neobanks now require partners holding MiCA licenses, warning that non-compliant providers may face being forced out of the market.
