“The European Securities and Markets (ESMA) have criticized Malta officials for shortcomings in the cryptocompto license procedure. The regulator completed the express process of processes in the Malta Financial Services (MFSA), focusing on one unnamed cryptovider, who issued a license to work within Mica. The ESMA Committee has questioned the applicant’s ‘essential problems’ […]”, – WRITE: Businessua.com.ua
The European Securities and Markets (ESMA) have criticized Malta officials for shortcomings in the cryptocompto license procedure.
The regulator completed Express processes of processes in the Malta Financial Services (MFSA), focusing on one unnamed cryptovider, who issued a license to work within Mica.
The ESMA Committee has questioned the applicant’s “significant problems”, which remained unresolved at that time. According to experts, the Malta officials did not sufficiently carefully checked the applicant’s business plan, including the provisions on business development and attracting new clients, potential conflicts of interest, and AML/CTF policy.
In 2025, the corresponding permissions were obtained by OKX, Gemini and Crypto․com platforms.
In February, OKX found guilt in the processing of more than $ 1 trillion of client transactions from the United States without the appropriate permission and agreed to pay more than $ 504 million. In April, MFSA fined OKX for violation of the funds of the funds of money laundering. The Exchange did not carry out a proper assessment of the risks from the products offered and did not check some customers when registering.
European regulators are also studying how the DPRK hackers used OKX to launder part of $ 1.5 billion stolen in Bybit.
Gemini and Crypto․com was not reported.
We will remind, Robinhood negotiates with European regulators to launch trade in token stocks.
The gun
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