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Business · Updated 15 Oct, 08:46 pm IST

BingX gets Austrian MiCA approval to offer four crypto services in EU

Image: Gadgets 360

Why it matters for readers: It explains that a major exchange has received formal EU-aligned approval to run several crypto services.

  • Austria's Financial Market Authority approved four crypto services for MEGE zweite GmbH under MiCA on October 14.1
  • The approval covers custody and management of crypto assets, exchange of crypto for fiat, crypto-to-crypto trading, and transfers of digital assets.1
  • BingX plans to launch regulated services across 29 European markets following the licence.1
  • The authorised entity is registered as MEGE zweite GmbH with registration number FN 666009a.1
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