FalconX obtains EU MiCA license to provide compliant encryption services to European institutional clients BlockBeats News: On July 1st, institutional digital asset broker FalconX announced that it has obtained a license under the European Union's Crypto Asset Market Regulation Act (MiCA) issued by the Malta Financial Services Authority (MFSA) to provide compliant digital asset trading, custody, liquidity, and related institutional services within the European Union and the European Economic Area (EEA). FalconX stated that the license supports its business operations within a unified regulatory framework among EU member states, without the need to apply for licenses on a country by country basis. At present, the company serves over 2000 institutional clients worldwide, including asset management companies, hedge funds, banks, and family offices, with a cumulative transaction volume exceeding $2.5 trillion and issuing over $8 billion in institutional financing. FalconX stated that with the comprehensive implementation of the MiCA regulatory framework, institutional clients' demand for compliant trading, custody, and liquidity services continues to grow, and regulatory qualifications are becoming an important advantage for competition in the European digital asset market. [Original link]