Original sourceCrypto News
Summary
BNY SA/NV, the Belgian subsidiary of BNY Mellon, has obtained authorization under the EU's MiCA regulation for crypto-asset custody and transfer services, becoming the latest case of a traditional financial giant entering the EU compliant crypto market. In the same period, ESMA added 15 authorized…
Key points
- Demonstrates progress in traditional banks entering the EU crypto market through compliance, and the actual expansion pace of the MiCA authorization framework.
- The rapid growth in MiCA-authorized entities and the entry of a traditional financial giant like BNY indicate the EU crypto market is moving towards full institutionalization and compliance.
- Institutional investors can custody crypto assets through traditional banking channels regulated under MiCA, enhancing market trust and participation willingness.
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