TLDR
- Crossmint gets MiCA approval from CNMV to provide stablecoin services across all EU member states.
- The license allows Crossmint to offer crypto custody, fiat exchange, and wallet transfers.
- MiCA license requires strict AML/CFT compliance and took Crossmint over 18 months to complete.
- Crossmint expects increased demand as unlicensed firms face EU regulatory deadlines by July.
Crossmint has received Markets in Crypto Assets Regulation (MiCA) authorization from Spain’s financial regulator CNMV. This license allows the company to offer stablecoin infrastructure services across the European Union under a unified regulatory framework.
Authorization Granted by Spain’s CNMV
Crossmint has obtained MiCA authorization from the Comisión Nacional del Mercado de Valores (CNMV), Spain’s financial markets regulator. This authorization enables the company to operate legally as a Crypto Asset Service Provider (CASP) throughout the European Union. The license allows Crossmint to “passport” its services across all 27 EU countries without needing individual national approvals.
Crossmint is officially MiCA authorized.
We're now one of a select few stablecoin infrastructure providers with full EU regulatory approval.
Wallets, onramps, and money movement — for fintechs across 27 EU countries. pic.twitter.com/LVhrB9p4x2
— Crossmint (@crossmint) January 14, 2026
According to Crossmint’s general counsel, Miguel Angel Zapatero, the MiCA approval aligns crypto companies with traditional financial institutions in terms of regulatory standards. He explained that the firm is now held to “the exact same standards” as banks. Zapatero also stated that this regulatory shift builds trust among traditional financial clients who have been hesitant to adopt crypto technologies.
Scope of Crossmint’s MiCA License
Crossmint’s license covers three main services: fiat-to-crypto exchange, crypto asset custody, and crypto transfers between wallets and blockchains. The company emphasized that it does not operate a trading platform. Instead, it provides stablecoin infrastructure to other firms, including remittance companies, fintechs, and marketplaces.
Crossmint underwent an 18-month review process to secure the MiCA license. The review included assessments of the company’s Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) measures. The CNMV treated the authorization process similarly to bank-level licensing, reviewing internal controls and compliance systems.
Rising Client Demand Before Grandfathering Deadline
Crossmint co-founder Rodri Fernández Touza shared that demand for MiCA-licensed partners is rising as the grandfathering period nears its end in July. During this transition period, firms authorized under older national rules can still operate. However, they must secure full MiCA approval before the period ends or stop offering crypto services in the EU.
Fernández Touza said that Crossmint is prepared to meet growing demand from companies that need licensed partners. He mentioned three types of expected clients: those whose current providers lose authorization, those deciding whether to apply or exit, and those forced out by enforcement.
Crossmint’s MiCA approval is expected to be listed soon in the official European Securities and Markets Authority (ESMA) public register. This listing process is still underway and follows standard administrative procedures.
EU-Wide Regulatory Shift for Crypto Providers
Spain’s CNMV has issued guidance requiring all registered crypto companies to upgrade to full CASP authorization or shut down operations. This step aligns with the EU’s broader effort to regulate crypto markets uniformly. France’s regulator AMF also reported that 70% of crypto companies in France have not yet applied for MiCA licensing.
Under ESMA’s rules, crypto businesses without MiCA authorization must wind down their services by the end of the transition period. This change is expected to push many providers out of the market unless they secure licenses or partner with authorized firms like Crossmint.
Crossmint’s regulatory approval provides a ready solution for companies needing stablecoin infrastructure within the EU’s new legal framework.
