Safello Granted MiCA Authorization by Swedish Financial Regulator

CN
6 hours ago

The authorization, following Safello’s April application, covers a full suite of crypto asset services: transfer services, custody and administration, execution and reception/transmission of orders, and exchanges of crypto-assets for funds and for other crypto-assets. MiCA, fully in force since December 2024, harmonizes EU rules to strengthen consumer and investor protection, market integrity and financial stability; authorised entities must comply with strict requirements on customer protection, risk management, asset handling and governance.

Safello’s CEO Emelie Moritz described the license as a pivotal milestone and noted Safello is the first Swedish company to receive a CASP license under MiCA, underlining the firm’s drive to build a trusted, compliant and innovative platform across Europe. Operating in Sweden since 2013 and listed on Nasdaq First North Growth Market since 2021, Safello offers secure, high-speed solutions for buying, selling, storing and on-chain deposits and withdrawals, and says the MiCA authorization will support its mission to make crypto accessible while helping shape a transparent and secure digital-asset market.

What does Safello’s MiCA authorization mean for Swedish users? — It allows Safello to legally offer trading, custody, transfers and exchanges of crypto-assets to customers in Sweden under EU rules.
Which services is Safello authorized to provide in Sweden? — Safello AB is authorized for transfer services, custody/administration, execution and reception/transmission of orders, and crypto‑fiat and crypto‑crypto exchanges.
How does MiCA affect consumer protection in Sweden? — MiCA enforces stricter rules on customer protection, risk management and custody practices for Swedish crypto firms like Safello.
Where can Swedish customers verify Safello’s license? — Verification can be done via Finansinspektionen’s registry and Safello’s official disclosures.

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