Sygnum Unit Receives Liechtenstein Crypto-Asset Service Provider License

A subsidiary of digital asset banking group Sygnum has obtained a Crypto Asset Service Provider (CASP) license in Liechtenstein. This registration enables Sygnum to provide regulated digital asset services, including brokerage, custody and banking, to the European Economic Area (EEA) in accordance with the EU's Markets in Crypto-Assets Act (MiCA). The move marks Sygnum's expansion into the EU market, joining companies such as Coinbase and Circle in preparing to expand their business under the MiCA framework. MiCA's stablecoin regulations came into effect in June this year, and other related regulations are expected to be implemented in December. (CoinDesk)