According to The block, the Singapore-based digital asset exchange Crypto.com has received approval in principle for a Crypto Asset Market (MiCA) license. While the exchange does not appear to be fully licensed yet, obtaining final approval will allow Crypto.com to offer services within the European Union once the MiCA rules come into effect in late December 2024. First adopted in April 2023, the MiCA establishes a regulatory framework for digital assets in the European Union, allowing companies with a MiCA license in one European Union member state to operate throughout the European Union.