OpenPayd Secures MiCA License for Regulated Crypto Services in Europe

OpenPayd has secured a license under the European Union’s Markets in Crypto-Assets framework, allowing the company to provide regulated crypto services across Europe.

The development matters because MiCA is becoming a central regulatory framework for crypto companies operating in the region. For infrastructure providers such as OpenPayd, authorization under the regime can support services used by other market participants seeking regulated access in Europe.

OpenPayd provides infrastructure to companies including crypto exchange Kraken. With the MiCA license in place, the company can expand its regulated crypto service offering across European markets.

The license arrives as stablecoin adoption continues to grow in Europe, according to the source material. That backdrop has increased attention on firms that provide compliant payment and crypto infrastructure for exchanges and other digital asset businesses.

MiCA is designed to create a clearer regulatory environment for crypto activity in the European Union. OpenPayd’s approval adds another company to the group of service providers positioning around Europe’s new crypto rulebook.