Crossmint has secured MiCA authorization from Spain’s CNMV to operate as a crypto asset service provider, allowing it to passport stablecoin infrastructure services across the EU. Crossmint has secured a Markets in Crypto Assets Regulation (MiCA) authorization from Spain’s securities regulator CNMV to operate as a crypto asset service provider (CASP), positioning it as a regulated stablecoin infrastructure provider across all 27 European Union member states. Miguel Angel Zapatero, Crossmint general counsel, told Cointelegraph that the company was held to “the exact same standards” as traditional financial institutions, marking an end to any notion that MiCA offers a lighter regime for crypto businesses. He said that MiCA created a “level playing field” and built confidence in the sector thanks to “consistent standards and enforcement,” adding that the days of the “wild wild west” era were over, and that MiCA brought “certainty to more traditional clients who were not confident enough in crypto technology.” ...
The infrastructure provider will support the planned launch of Western Union’s USDPT stablecoin on Solana, linking blockchain payments to its global payout network. Crossmint has partnered with Western Union to support the launch of the remittance company’s USDPT stablecoin and its new Digital Asset Network on the Solana blockchain. Wednesday’s announcement said the collaboration will integrate Crossmint’s wallet and payment APIs with Western Union’s infrastructure, allowing fintech platforms to move funds using the stablecoin and connect to Western Union’s global payout network. That Digital Asset Network is intended to link stablecoins with the company’s existing payout infrastructure, enabling users to convert digital dollars into local currency through its network of more than 360,000 cash pickup locations worldwide. Read more