Sygnum Receives Liechtenstein License: A Significant Step in Crypto Regulations

Monday, 23 September 2024, 13:05

Regulations play a crucial role as Sygnum’s unit secures a Liechtenstein license. This milestone allows the Switzerland and Singapore-based banking group to expand into the EU and EEA, enhancing their service offerings in the cryptocurrency landscape.
Coindesk
Sygnum Receives Liechtenstein License: A Significant Step in Crypto Regulations

Regulations Play a Major Role

Sygnum, a prominent banking group known for its operations in Switzerland and Singapore, has made headlines by obtaining a license in Liechtenstein. This license enables Sygnum to function as a Crypto Asset Service Provider, which is essential given the evolving regulations in the sector.

Expansion into the EU and EEA

With this new license, Sygnum aims to broaden its reach into the European Union and the European Economic Area (EEA). The move aligns with the region's increasing adoption of crypto, and it facilitates compliance with the proposed MiCA (Markets in Crypto-assets) regulation.

  • Enhancing service capabilities
  • Ensuring regulatory adherence
  • Strengthening market position

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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