DriveWealth Secures MiCA Authorization From Bank of Lithuania
DriveWealth obtained EU‑wide crypto‑service approval after the Bank of Lithuania granted its MiCA licence.
DriveWealth, a U.S. brokerage platform, received authorization under the EU Markets in Crypto‑Assets (MiCA) framework from the Bank of Lithuania. The approval allows the firm to offer crypto‑related services across the European Economic Area.
MiCA Licence Details
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The MiCA regime sets harmonised rules for crypto‑asset providers in the EU. Authorization from a national competent authority, such as Lithuania’s central bank, confirms compliance with capital, governance and consumer‑protection standards.
Market Implications
With the licence, DriveWealth can expand its retail and institutional offerings to EU investors, potentially increasing competition among crypto brokers.
Key facts
- Authorization granted by the Bank of Lithuania
- Applies to the EU’s MiCA regulatory framework
- Enables DriveWealth to operate crypto services EU‑wide
- No financial terms disclosed in the announcement
Source: news.google.com
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