ZBD Becomes First Payment Company to Secure EU MiCAR License

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As a seasoned crypto investor with over a decade of experience in this dynamic digital frontier, I must admit that the recent news of ZBD obtaining the first MiCAR license in the European Union left me quite impressed. My personal journey has been marked by an unwavering commitment to investing in companies that not only innovate but also prioritize compliance and regulation, making ZBD a natural fit for my portfolio.

Payment firm ZBD has made a significant stride by becoming the first to secure approval for the European Union’s innovative new cryptocurrency license under MiCAR (Markets in Crypto-Assets Regulation). This approval was granted by the Dutch Financial Markets Authority (AFM), positioning ZBD as a trailblazer in adhering to crypto regulations within Europe.

Starting from December 30, 2024, MiCAR, a comprehensive regulatory system for businesses handling digital assets, will be enforced. This means that any cryptocurrency-related firms functioning within the EU will need to obtain a license once it becomes active.

Obtaining the MiCAR license expands ZBD’s service offerings, encompassing secure storage for digital assets, managing financial transactions, and bridging the gap between cryptocurrencies and conventional currencies through exchange services.

Strategic Path to MiCAR Compliance

Despite numerous businesses finding it challenging to live up to MiCAR’s stringent requirements, ZBD manages to excel by ensuring complete and meticulous adherence to all relevant regulations. This commitment has positioned the company as a pioneer in innovation within the cryptocurrency sector, granting it an edge when offering secure and compliant services to customers across the European Union.

Additionally, not only does MiCAR help clear regulatory obstacles, but it also opens up fresh prospects for ZBD as they continue to grow their presence in the European market, building on their success in the United States.

In simpler terms, Marca Wosoba, the COO of ZBD, referred to the approval of their MiCAR license as a major milestone in their path forward. She emphasized that adhering to compliance rules has been a fundamental aspect of their business operations, not as an obstacle but rather as a key to opening up new opportunities.

Marca Wosoba, COO of ZBD, expressed that obtaining the first MiCAR license approval represents a significant milestone for their company. “We’ve fostered a work environment where compliance takes center stage,” she explained, “viewing it as a tool to unlock new capabilities rather than an obstacle. The MiCAR licensing process afforded us the chance to secure licenses across all EU member states and propel our growth within the region.

It emerged that ZBD adopted a highly strategic method to ready themselves for the upcoming regulation, making sure they submitted their MiCAR registration application promptly. Moreover, the company’s tight collaboration and open communication with the AFM significantly contributed to achieving this milestone.

As a crypto investor, I’m thrilled to see ZBD hitting their milestones, which aligns with their vision of creating a digital payment system tailored for gaming and entertainment industries. Wosoba, the company’s representative, emphasized that our robust and steady business model enables us to scale up and continue our journey towards establishing a swift cross-currency transfer system. She underlined that ZBD is more than just a cryptocurrency company; we are a digital payments business leveraging Bitcoin on the Lightning Network as a fundamental part of our technology backbone.

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2024-12-18 21:45