Update
BingX EU Secures MiCA License for European Expansion
BingX EU, a cryptocurrency exchange, has secured authorization under the European Union's Markets in Crypto-Assets Regulation (MiCA) from Austria's Financial Market Authority (FMA). The license allows BingX EU to provide four crypto-asset services: custody and administration of clients' digital assets, exchanging cryptocurrencies for traditional currencies, exchanging one cryptocurrency for another, and transferring crypto-assets on behalf of clients. The company intends to extend its regulated services to 29 European Economic Area (EEA) countries, subject to cross-border notification procedures. BingX EU's CEO, Daniel Lai, aims to provide European users with a locally regulated trading experience under a regulated European framework.