"The registration as CASP in Liechtenstein paves the way for a significant expansion of our regulated footprint into the EU, the world's largest trading bloc," said Martin Burgherr, Sygnum's chief clients officer.
"Sygnum joins companies like Coinbase, Circle and others preparing to expand in Europe as MiCA takes effect. MiCA is a bespoke set of rules for the crypto industry that enables companies licensed in one country to operate across all 27 member states..."
"The bank's subsidiary in the country received a license allowing it to offer regulated digital assets services, including brokerage, custody and banking."
"MiCA's stablecoin rules came into effect in June, with other regulations likely to come into force by December. EU countries have started accepting registrations for their respective crypto-asset service provider (CASP) regimes."
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