Written by As the European Union rolls out its MiCA regulation, crypto companies across the region are preparing to secure the licenses necessary to continue operating. MiCA will require crypto platforms to meet stringent transparency standards, covering everything from operations and finances to governance. This shift demands significant investments in compliance to align with regulatory expectations.
While many in the industry view MiCA positively, seeing it as a pathway to widespread crypto adoption, the reality is that only a few crypto platforms may be fully prepared to meet these new requirements in time.
What Does MiCA Mean for Crypto Exchange Platforms?
For crypto fiat on ramp providers, MiCA introduces a substantial hurdle: stablecoins will now be classified under the same rules as Electronic Money Institutions (EMIs). This means that, to keep stablecoins in circulation, platforms must secure EMI licensing, which involves considerable costs, including a minimum initial capital requirement of €350,000.
While challenging, an EMI license also comes with perks. For instance, once licensed in a single EU member state, companies can take advantage of passporting rights to operate seamlessly across the European Union.
Launching a fully compliant crypto exchange from scratch is complex and costly, involving long development cycles and dedicated compliance teams. To overcome these barriers, partnering with a MiCA-licensed provider offers a strategic alternative for crypto companies.
White-Label Banking-as-a-Service Solution
The crypto white-label banking platform is designed to simplify the path to market. With a crypto banking platform, businesses can access a complete suite of APIs to create an all-in-one branded crypto exchange platform—no compliance or technical development hassle required.
Built with AML/CFT compliance integrated, the white-label platform enables crypto businesses to onboard users and offer wallets, cards, and trading services—all through one streamlined solution.
Business Opportunities with a White-Label Crypto Platform
Crypto Exchange Platform – With the APIs, companies can launch crypto exchanges where users can swap assets at market rates without the need to obtain licenses or handle regulatory compliance in-house.
Crypto Exchange Wallets – The platform enables businesses to issue wallets equipped with vIBANs and dedicated deposit addresses for various digital assets, allowing users to manage both fiat and crypto seamlessly.
Crypto Cards – Using the white-label crypto cards API, businesses can issue branded, customizable physical and virtual crypto-backed cards. These cards are linked directly to users’ crypto accounts, allowing them to make real-time payments with funds deducted from their accounts.