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.