Zerohash Receives MiCA License to Operate Stablecoin Services in the EU
Zerohash, a stablecoin infrastructure provider, has secured a license under the European Union�s Markets in Crypto-Assets Regulation (MiCA). This approval positions Zerohash as one of the first infrastructure firms authorized to offer stablecoin and crypto services across the European Economic Area (EEA).
AFM Grants Authorization for EU Expansion
On Sunday, Zerohash Europe announced it received the license from the Dutch Authority for the Financial Markets (AFM). The company is now a registered crypto-asset service provider (CASP), as listed in the AFM�s public registry. With this authorization, Zerohash can provide stablecoin and crypto products to a range of clients, including banks, fintech companies, and payment platforms across 30 EEA countries.
Market Impact and Industry Partnerships
The new status allows Zerohash�s European branch to support organizations interested in tokenized assets, stablecoins, and other blockchain-based financial products. Founded in 2017, Zerohash serves major clients such as Morgan Stanley, Franklin Templeton, and Stripe by providing crypto infrastructure solutions.
Industry sources indicated that Mastercard is considering acquiring Zerohash. Reports suggest a potential deal valued between $1.5 billion and $2 billion. The possible acquisition aligns with Mastercard�s recent actions to expand its stablecoin services, including announcing stablecoin settlement programs in Eastern Europe, the Middle East, and Africa (EEMEA) region using products like USDC and Euro Coin.
Broader Industry Developments
Other recent stablecoin initiatives include Mastercard�s partnerships with regional payment providers in the EEMEA area and Kazakhstan�s central bank collaborating with Solana to pilot a stablecoin pegged to the tenge currency. The project, launched in late September, involves local crypto exchanges and banks as issuers and partners.
Zerohash�s regulatory approval under MiCA reflects the increasing emphasis on compliance and expansion within the stablecoin sector. The company�s newly granted license paves the way to broaden its service offering throughout the European market.
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