According to TechFlow, Sygnum, a digital asset banking group, announced that its subsidiary has obtained a crypto asset service provider license in Liechtenstein. This move will allow Sygnum to provide regulated digital asset brokerage, custody and banking services, and pave the way for its expansion in the EU market using the EU Crypto Asset Market Regulation (MiCA).
MiCA regulations allow companies licensed in one member state to operate in all EU and EEA countries. As MiCA is gradually implemented, Sygnum joins the ranks of cryptocurrency companies such as Coinbase and Circle that are preparing to expand in Europe.
