Nexo Confirms Partnerships That Enable MiCAR Compliance in Europe
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Nexo gained EEA market access by partnering with two German firms licensed under MiCAR, using Tangany for custody and DLT Finance for brokerage and trading, which lets its centralized crypto wealth platform provide full services and dashboard access across all EEA member states. The move strengthens regulatory compliance and adoption in the crypto market by addressing MiCAR operational constraints despite Nexo not holding a MiCAR license.
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- Nexo can operate across the European Economic Area (EEA) after recent partnerships.
- Both partners are licensed under MiCAR regulation, giving Nexo access to the EEA.
- Nexo users can access the project’s main dashboard and full service under MiCAR.
Centralized digital asset wealth platform Nexo has confirmed its operation across the European Economic Area (EEA) through partnerships with two German firms licensed under MiCAR. According to Nexo, it has partnered with Tangany to enhance its custody services and with DLT Finance for brokerage and trading.
For context, Nexo, as an entity, does not hold a MiCAR license, meaning it cannot operate in regions where the regulation is compulsory. Therefore, partnering with the two German firms, both of which are licensed under MiCAR regulation, allows Nexo to offer services across all EEA member states under a single regulato…
Read The Full Article Nexo Confirms Partnerships That Enable MiCAR Compliance in Europe On Coin Edition.
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