Unlimit Crypto gets EU MiCA licence from CySEC

Unlimit Crypto, the crypto arm of UK-based financial infrastructure provider Unlimit, has obtained a Crypto-Asset Service Provider licence from the Cyprus Securities and Exchange Commission (CySEC). That gives it a regulated route to offer crypto-asset services across the European Union, which is exactly the sort of licence high-risk operators and their PSPs care about when they are deciding where to plug in.

1. The authorisation was granted under the EU’s Markets in Crypto-Assets Regulation (MiCA), and it allows Unlimit Crypto to serve clients across the European Union.
2. Under the licence, Unlimit Crypto can provide custodial wallet services, handle digital asset transfers, and process exchanges between fiat and digital currencies.
3. The move extends Unlimit’s existing infrastructure, which already includes payment processing, spend management, Banking-as-a-Service, multi-currency accounts, card services, and more.
4. Irene Skrynova, who became CEO of global payments at Unlimit in March, said: “For years, working with crypto in Europe meant meeting a different standard in every market. Now there is one. This authorisation allows us to expand our digital-asset services across the European Union.”
5. Cyprus remains a common base for international firms seeking permission to offer cryptocurrency services across the European Economic Area (EEA). Earlier this week, US fintech Perpetuals.com also secured a MiCA licence from CySEC, covering crypto-asset custody and administration, order reception and transmission, order execution, and crypto-asset transfer services across the bloc.

For PSPs and banking partners, the practical takeaway is simple: MiCA has turned Cyprus into a gateway for firms that want one regulatory approval and an EU-wide operating footprint, rather than rebuilding the compliance stack market by market.