Blockchain.com Secures MiCA License in Malta, Expands EU Crypto Operations

Blockchain.com, a Luxembourg-based fintech firm, has received its Markets in Crypto-Assets (MiCA) license from the Maltese Financial Services Authority (MFSA), enabling it to legally offer wallet and custody services across the European Economic Area (EEA).

CEO Peter Smith announced the news on October 23, 2025, via a post on X, describing it as a "major step forward" for building a more open, transparent, and compliant digital asset ecosystem in Europe. Smith highlighted Malta's "regulatory clarity and strategic position" as ideal for scaling European operations.

With this license, Blockchain.com can provide secure digital asset custody, treasury, and wallet services to all 30 EEA member states, consolidating its previously fragmented regulatory approach. The firm appointed Fiorentina D’Amore, Chairperson of the Financial Institutions Malta Association (FIMA), as Senior Director of EU Business Operations and CEO of Blockchain.com Malta to lead this expansion.

This milestone follows Blockchain.com's recent regulatory approvals, including a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) in August 2025 for digital payment token services. The company is also pursuing a US public listing through a SPAC merger, with advisory discussions involving Cohen & Company Capital Markets, and has bolstered its legal team with high-profile appointments like former KPMG CEO Timothy Flynn.

As one of the first major crypto firms to operate fully under MiCA, Blockchain.com gains a first-mover advantage in the EU market. However, Malta's proactive licensing has faced scrutiny from the European Securities and Markets Authority (ESMA), though the MFSA maintains that license integrity remains secure. The dispute reflects broader debates on centralizing crypto supervision within the EU.

Looking ahead, Blockchain.com plans to scale its MiCA-compliant products, target institutional clients, and align with cross-border standards as the EU's transitional period for MiCA concludes in 2026.