CandleFocus Sygnum Unit Receives Liechtenstein License as a Crypto Asset Service Provider
2024-09-23
Author: Content Editor
Digital assets banking group Sygnum has received a license as a crypto asset service provider in Liechtenstein. This license enables Sygnum's subsidiary in the country to offer regulated digital asset services such as brokerage, custody, and banking. With this license, Sygnum aims to expand into the European Union and European Economic Area using the Markets in Crypto Assets Regulation (MiCA). MiCA is a set of rules that allows companies licensed in one country to operate across all 27 EU member states, as well as countries in the European Economic Area. Sygnum's expansion comes as other companies like Coinbase and Circle also prepare to expand in Europe under MiCA.
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