As the European Union rolls out MiCA regulation, crypto asset companies are now preparing for the licensing that will shape their ability to operate in the region. Under these new rules, crypto platforms must obtain MiCA licenses to continue operating in the EU.
The challenge? Licensing comes at a high cost and demands transparency regarding operations, finances, and governance. This requires crypto companies to strengthen their compliance teams to meet regulatory standards.
Many see MiCA as a positive step, believing it could finally pave the way for broader crypto adoption. However, the logistical demands of compliance mean that only a few companies may be ready to operate post-MiCA deadlines.
How Will the Regulation Impact Crypto Exchange Companies?
For crypto-fiat onramp providers, MiCA introduces significant hurdles. Stablecoins will now be regulated as Electronic Money Institutions (EMI), making it necessary for companies to secure an EMI license to continue operating.
Obtaining an EMI license is not a small feat—it requires a minimum initial capital of €350,000, adding complexity for companies that may otherwise consider delisting stablecoins to avoid licensing challenges. Yet, if a platform obtains the EMI license, passporting rights allow it to serve EU clients across member states without additional local approvals.
These are just some of the hurdles to remaining compliant under MiCA. Building a crypto exchange platform from scratch is already resource-intensive, often taking months to develop. On top of that, hiring a dedicated team to manage compliance, user support, and technical infrastructure only adds to the cost.
The solution? Partnering with a MiCA-licensed provider that manages all compliance and tech requirements on your behalf.
White-Label Banking-as-a-Service Solution
Imagine accessing a suite of APIs that empowers you to build your branded crypto exchange platform without the regulatory and technical burdens.
That’s where white-label banking platform comes in.
Designed for crypto businesses, the platform enables end-user onboarding with AML/CFT-compliant processes, plus options for offering crypto cards, wallets, and trading capabilities.
Unlock New Business Opportunities with White-Label Banking
Crypto Exchange Platform – Enable users to swap currencies at market rates. The APIs let you set up a compliant crypto exchange without the need to acquire licenses yourself, so you can focus on growing your business.
Crypto Exchange Wallets – Issue white label crypto wallet with vIBANs and dedicated deposit addresses for each digital asset, allowing users to transfer fiat and cryptocurrencies seamlessly.
Crypto Cards – The white-label crypto card APIs, offer fully customizable physical and virtual crypto-backed cards. Users can make direct payments, with funds deducted automatically from their crypto accounts.
By partnering with a MiCA-compliant provider like Striga, companies can remain focused on business growth, leaving compliance and development needs to an experienced team.
