Crypto platform Tothemoon secures MiCA licence in Cyprus
Infrastructure
Tothemoon has officially secured authorization from the Cyprus Securities and Exchange Commission as a Crypto-Asset Service Provider under the European Union’s Markets in Crypto-Assets Regulation. This regulatory milestone allows the platform to operate legally across the European Economic Area, providing a standardized framework for its digital asset services. By achieving MiCA compliance, Tothemoon positions itself within a regulated environment that emphasizes investor protection and market integrity. This development is significant for the broader RWA market as it demonstrates the increasing institutionalization of crypto platforms through formal EU-wide licensing. As more platforms align with MiCA, the barrier to entry for tokenized real-world assets in Europe is lowered, fostering greater trust among traditional financial participants. The move highlights the growing trend of crypto entities seeking jurisdictional clarity to facilitate cross-border operations. Ultimately, this regulatory approval serves as a foundational step for integrating compliant digital asset infrastructure into the mainstream European financial ecosystem.
Key points
- ▸Tothemoon received CySEC authorization as a Crypto-Asset Service Provider.
- ▸Licensing follows the European Union’s Markets in Crypto-Assets Regulation framework.
- ▸Authorization enables Tothemoon to offer services across the European Economic Area.
Background
The Markets in Crypto-Assets Regulation is the European Union's comprehensive legal framework designed to regulate crypto-assets and their service providers. It aims to harmonize rules across member states, ensuring consumer protection, market transparency, and financial stability. CASP status is a mandatory requirement for entities providing crypto-related services within the EU under these new guidelines.
Relevance
5.5/10