Quick Takeaways
- Crossmint is now fully authorized under MiCA across all EU member states.
- The license subjects the firm to the same standards as a traditional bank.
- MiCA is accelerating enterprise demand for compliant crypto infrastructure
Crossmint has reached a major regulatory milestone after securing authorization under Europe’s Markets in Crypto-Assets framework. The approval came from Spain ‘s financial watchdog, the Comisión Nacional del Mercado de Valores.
This authorization allows Crossmint to operate as a crypto asset service provider across all 27 European Union countries. The decision grants the company full passporting rights throughout the bloc.
MiCA Treats Crypto Like Traditional Finance
For Crossmint, the license represents more than regulatory clearance. Company executives say the process showed that MiCA does not treat crypto firms as a special case.
Instead, regulators apply the same expectations used for banks and financial institutions. This approach removes uncertainty for enterprises that once viewed crypto infrastructure as loosely regulated.
MiCA replaces fragmented national rules with standardized supervision across Europe. That consistency reduces compliance risk for businesses adopting blockchain-based systems.
As a result, regulated crypto infrastructure now looks more credible to conservative clients.
What Crossmint Is Authorized to Do
Under MiCA’s CASP framework, Crossmint can perform three core regulated activities. It can facilitate exchanges between fiat currencies and crypto assets in both directions.
Crossmint can safeguard crypto assets on behalf of customers. It can also execute transfers between wallets, including cross-chain transactions.
Notably, Crossmint is not positioning itself as a consumer trading platform. Instead, it focuses on backend blockchain infrastructure for businesses.
Use cases include remittances, payroll services, fintech platforms, and digital marketplaces. In these models, crypto functions as financial plumbing rather than a speculative asset.
Approval Process Mirrored a Banking License
Internally, Crossmint treated the MiCA review as equivalent to obtaining a banking license. The CNMV closely examined its controls and governance.
Regulators reviewed Anti-Money Laundering and Counter Financing of Terrorism programs. They also assessed risk management, internal oversight, and operational resilience.
The process took more than eighteen months. It involved multiple rounds of feedback and remediation.
Executives say the scrutiny matched expectations placed on traditional financial firms. That level of review reinforces MiCA’s role as a credibility filter.
MiCA Deadline Is Driving Enterprise Demand
The timing of the approval carries strategic importance. As MiCA’s transition period nears its end, many firms face internal compliance deadlines.
Several companies can now work only with MiCA-licensed providers. Crossmint says this shift is already driving inbound demand.
Once MiCA’s grandfathering arrangements expire, unlicensed providers face hard choices. They may need to shut down services or lose banking relationships.
Crossmint positions its approval as a sunk compliance cost clients can plug into. That approach avoids years of licensing expense and regulatory uncertainty.
Non-Compliant Firms Face Growing Pressure
The regulatory squeeze is already visible across Europe. In Spain, the CNMV has issued guidance limiting partially regulated crypto activity.
This effectively forces firms to upgrade or exit the market. In France, the Autorité des marchés financiers has warned that many firms remain unlicensed.
Only a small portion have applied for MiCA authorization so far. At the EU level, the European Securities and Markets Authority has issued strict transition guidance.
Firms that miss the deadline are expected to wind down operations. Continued activity without approval may trigger enforcement actions.
The result will likely be a smaller but more regulated European crypto sector.
Crossmint Positioned for Post-MiCA Consolidation
Looking ahead, Crossmint expects demand from three main groups. First are firms whose current providers will soon become unusable.
Second are incumbents weighing full MiCA compliance against market exit. Third are unlicensed operators pushed out through enforcement.
Crossmint also expects inclusion on ESMA’s public register after final administrative steps. That listing would further cement its regulatory standing.
MiCA is reshaping Europe’s crypto market around licensed infrastructure. As weaker players exit, compliant providers stand to absorb displaced demand.
For Crossmint, MiCA approval places it on equal regulatory footing with banks. In Europe’s new crypto order, that status may prove decisive.