OpenPayd can offer regulated crypto services across Europe under MiCA

The development reflects Europe’s more mature crypto regulatory phase, with MiCA providing clearer rules, investor protections and a framework for compliant digital-asset services across jurisdictions.

Summary

OpenPayd can now offer regulated crypto services across Europe under MiCA, the European Union’s Markets in Crypto-Assets framework, expanding its ability to deliver compliant digital-asset services in the region. OpenPayd, which provides infrastructure to companies including Kraken crypto exchange, said the move gives it a regulatory basis to operate across the European market. Separately, OKX founder and CEO Star said Europe is entering a more mature regulatory phase for digital assets, arguing that clear rules, strong investor protection and consistent cross-jurisdiction enforcement under MiCA are essential for sustainable growth and for reducing regulatory arbitrage.

Terms & Concepts
  • MiCA: The European Union’s Markets in Crypto-Assets framework for regulating crypto-asset services.
  • regulatory arbitrage: Shifting activity to jurisdictions with looser rules.
  • regulated crypto services: Digital-asset services offered under an established regulatory framework.