Cyprus Securities and Exchange Commission (CySEC) licensed crypto exchange Zondacrypto, marking the 7th regulatory license for the company. With over 1.3 million active users, the company welcomed the regulatory step as a part of its efforts to offer a secure digital asset trading platform.

Preparing for MiCA Regulations

Speaking about the approval, CEO Przemyslaw Kral, said on LinkedIn: "Happy to announce that Zondacrypto has secured its 7th license, this time from the CySEC. This milestone further solidifies our mission to provide a safe, transparent, and fully compliant trading environment for our 1.3 million active users."

"As we prepare for the upcoming MiCA regulations in the EU, this new license reinforces our dedication to maintaining the highest standards of security and compliance in the crypto space. And this commitment is something we take very seriously."

The company cited the EU's forthcoming Markets in Crypto-Assets (MiCA) regulations, which aim to provide a more unified legal framework for digital assets.

CySEC License

As the crypto sector continues to evolve, Zondacrypto is setting the bar higher for compliance, signaling to users and regulators alike that security and transparency remain at the heart of its mission.

Expect ongoing updates as this story evolves.