OpenPayd Secures EU MiCA Licence

Financial infrastructure company OpenPayd has received authorisation under the European Union's Markets in Crypto-Assets (MiCA) regulation, allowing it to operate as a Crypto Asset Service Provider (CASP) across the European Economic Area (EEA). The licence, issued by the Malta Financial Services Authority (MFSA), enables OpenPayd to offer crypto-related services, including fiat on-ramp and off-ramp solutions for stablecoins, through a single regulatory framework across the region.

The approval comes just ahead of the EU's July 1 MiCA compliance deadline, as crypto firms race to secure regulatory authorisation. Founded in London in 2018, OpenPayd processes over $240 billion in annual transactions for more than 1,100 companies, including Kraken, eToro and OKX. Meanwhile, exchanges such as WhiteBIT and Paybis have also secured MiCA licences, highlighting the growing push toward regulated crypto services across Europe.