Conio Receives Crypto Asset Service Provider License Under MiCAR

Italian crypto custody company Conio has qualified to obtain a crypto asset service provider license under the European Union's Markets in Crypto-Assets Regulation (MiCAR). This license allows the company to operate in a regulated manner across the EU. With this license, Conio will be able to offer its clients crypto asset custody, trading, and transfer services. The company stated that it fully complies with the compliance and security standards introduced by MiCAR. This development is considered an important step toward regulating the crypto sector in Europe. Conio's licensing may encourage other crypto companies to apply under MiCAR. This is not investment advice.